Investing.com - Hexo reported first quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of C$-0.09 on revenue of C$14.5M. Analysts polled by Investing.com anticipated EPS of C$-0.1 on revenue of C$15.86M. That compared to EPS of C$-0.07 on revenue of C$5.66M in the same period a year earlier. The company had reported EPS of C$-0.24 on revenue of C$15.4M in the previous quarter.
Hexo shares lost 4.24% to trade at C$2.8250 in intra-day trade following the report.
For the year, Hexo shares are down 40.02%, under-performing the S&P/TSX which is up 20.62% year to date.
Hexo follows other major Healthcare sector earnings this month
On Tuesday, November 19, 2019, Curaleaf reported third quarter EPS of C$-0.01 on revenue of C$81.78M, compared to forecasts of EPS of C$-0.03 on revenue of C$84.89M.
OrganiGram Holdings Inc earnings missed analyst's expectations on Monday, November 25, 2019, with first quarter EPS of C$-0.14 on revenue of C$16.29M. Investing.com analysts expected EPS of C$0.01 on revenue of C$26.02M
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