Investing.com - Cronos reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.48 on revenue of C$6.47M. Analysts polled by Investing.com forecast EPS of C$-0.03 on revenue of C$6.48M. That compared to EPS of C$-0.01 on revenue of C$2.9M in the same period a year earlier. The company had reported EPS of C$-0.06 on revenue of C$5.6M in the previous quarter.
For the year, Cronos shares are up 19.17%, outperforming the S&P/TSX which is up 15.23% year to date.
Cronos follows other major Healthcare sector earnings this month
On Monday, April 15, 2019, Aphria reported third quarter EPS of C$-0.43 on revenue of C$73.58M, compared to forecasts of EPS of C$-0.01 on revenue of C$85.05M.
Trulieve Cannabis earnings beat analyst's expectations on Wednesday, April 10, 2019, with first quarter EPS of C$0.13 on revenue of C$47.99M. Investing.com analysts expected EPS of C$0.09 on revenue of C$40.87M
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