Investing.com - Cronos reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.22 on revenue of C$10.24M. Analysts polled by Investing.com anticipated EPS of C$-0.03 on revenue of C$7.3M (NYSE:MMM). That compared to EPS of C$0.00 on revenue of C$3.39M in the same period a year earlier. The company had reported EPS of C$0.48 on revenue of C$6.47M in the previous quarter.
Cronos shares lost 3.67% to trade at C$18.3800 in intra-day trade following the report.
For the year, Cronos shares are up 27.82%, outperforming the S&P/TSX which is up 15.84% year to date.
Cronos follows other major Healthcare sector earnings this month
On Thursday, August 1, 2019, Aphria reported first quarter EPS of C$-0.01 on revenue of C$128.57M, compared to forecasts of EPS of C$-0.06 on revenue of C$103.96M.
OrganiGram Holdings Inc earnings missed analyst's expectations on Monday, July 15, 2019, with third quarter EPS of C$-0.07 on revenue of C$24.75M. Investing.com analysts expected EPS of C$0.03 on revenue of C$29.67M
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