Aurora Cannabis tumbles double digits after saying it won't turn a profit until next year as weed-industry earnings flag

Aurora Cannabis sank as much as 11% on Thursday after missing analyst earnings estimates and pushing its profitability target to fiscal 2020. The company's disappointing fiscal fourth-quarter figures mirror other cannabis companies. Canadian peer Canopy Growth missed quarterly expectations in August, with revenue falling under the lowest analyst estimate. Aurora previously forecast positive earnings would arrive in its fiscal fourth quarter.

Aurora Cannabis sank as much as 11% on Thursday after missing analyst earnings estimates and pushing its profitability target to fiscal 2020. The company's disappointing fiscal fourth-quarter figures mirror other cannabis companies. Canadian peer Canopy Growth missed quarterly expectations in August, with revenue falling under the lowest analyst estimate. Aurora previously forecast positive earnings would arrive in its fiscal fourth quarter.

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Aurora Cannabis stock drops after earnings as revenue misses revised targetAurora Cannabis Inc. shares declined in the extended session Wednesday after the pot company missed revenue expectations even after dropping its forecast. 🤦🏻‍♂️
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Stocks making the biggest moves after hours: Oracle, Aurora Cannabis and moreSee which stocks are posting big moves after the bell on Sept. 11. Stocks AFools Dream. The Smart Money is already in Cash waiting for New Duffers to Crush them.
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Aurora Cannabis stock drops after earnings as revenue misses revised targetAurora Cannabis Inc. shares declined in the extended session Wednesday after the pot company missed revenue expectations even after dropping its forecast. 🤦🏻‍♂️
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »