Investing.com - Canopy Growth reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$-3.32 on revenue of C$90.5M. Analysts polled by Investing.com expected EPS of C$-0.38 on revenue of C$111.06M. That compared to EPS of C$-0.4 on revenue of C$25.9M in the same period a year earlier. The company had reported EPS of C$-0.64 on revenue of C$94.05M in the previous quarter.
For the year, Canopy Growth shares are up 16.07%, outperforming the S&P/TSX which is up 13.29% year to date.
Canopy Growth follows other major Healthcare sector earnings this month
On Wednesday, Trulieve Cannabis reported second quarter EPS of C$0.69 on revenue of C$77.06M, compared to forecasts of EPS of C$0.17 on revenue of C$71.36M.
Aphria earnings missed analyst's expectations on Thursday, August 1, 2019, with first quarter EPS of C$-0.01 on revenue of C$128.57M. Investing.com analysts expected EPS of C$0.02 on revenue of C$103.96M
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