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

📆 2019-09-12 19:17:00
📰 BusinessInsider

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Skriv Kommentar

How can you not make money out of hash ?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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. 🤦🏻‍♂️
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »