News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The company said in January it hoped to reach positive earnings by the fiscal fourth-quarter, but Wednesday's release missed the profitability target.

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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

How can you not make money out of hash ?

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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. 🤦🏻‍♂️
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

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. 🤦🏻‍♂️
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »