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GW Pharmaceuticals stock rises after earnings beat

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GWPH, +1.38% shares rose 2.1% in the extended session Tuesday after the company beat earnings expectations but reported lower-than-expected revenue.

The company reported fiscal first-quarter net losses of $71.9 million, or 20 cents a share, compared with $61.8 million, or 20 cents a share, in the year-ago period. Revenue rose to $6.6 million from $2.2 million in the year-ago period. Analysts surveyed by FactSet had estimated losses of 23 cents a share on revenue of $11.4 million. For the fiscal second quarter, analysts model losses of 22 cents a share on sales of $22 million.

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