Investing.com - Hexo reported third quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of C$-0.06 on revenue of C$12.96M. Analysts polled by Investing.com expected EPS of C$-0.05 on revenue of C$14.73M. That compared to EPS of C$-0.01 on revenue of C$1.24M in the same period a year earlier. The company had reported EPS of C$-0.02 on revenue of C$13.44M in the previous quarter.
Hexo shares lost 7.27% to trade at C$7.9100 in intra-day trade following the report.
For the year, Hexo shares are up 67.94%, outperforming the S&P/TSX which is up 14.7% year to date.
Hexo follows other major Healthcare sector earnings this month
On Thursday, May 30, 2019, Curaleaf reported first quarter EPS of C$-0.03 on revenue of C$47.66M, compared to forecasts of EPS of C$-0.02 on revenue of C$50.22M.
Trulieve Cannabis earnings beat analyst's expectations on Wednesday, May 29, 2019, with first quarter EPS of C$0.17 on revenue of C$60.2M. Investing.com analysts expected EPS of C$0.14 on revenue of C$56.62M
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