Investing.com - Cronos reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.53 on revenue of C$12.7M. Analysts polled by Investing.com expected EPS of C$-0.03 on revenue of C$13.76M. That compared to EPS of C$-0.04 on revenue of C$3.76M in the same period a year earlier. The company had reported EPS of C$0.22 on revenue of C$10.24M in the previous quarter.
Cronos shares lost 1.68% to trade at C$10.5100 in intra-day trade following the report.
For the year, Cronos shares are down 26.91%, under-performing the S&P/TSX which is up 19.23% year to date.
Cronos follows other major Healthcare sector earnings this month
On Tuesday, October 15, 2019, Aphria reported first quarter EPS of C$0.07 on revenue of C$126.11M, compared to forecasts of EPS of C$-0.03 on revenue of C$131.34M.
Extendicare Inc earnings missed analyst's expectations on Thursday, with third quarter EPS of C$0.06 on revenue of C$282.73M. Investing.com analysts expected EPS of C$0.1 on revenue of C$281.8M
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