Aurora Cannabis: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Aurora Cannabis (NASDAQ:ACB) reported Q3 earnings with an EPS of $-0.18, missing estimates by 260.0%. Revenue was up $7.54 million YoY. Last quarter, the company missed EPS by $0.09, resulting in a 1.09% share price drop the next day.
June 14, 2023 | 8:45 pm
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Aurora Cannabis missed Q3 earnings estimates with an EPS of $-0.18, a 260.0% miss. Revenue increased by $7.54 million YoY. Last quarter's EPS miss resulted in a 1.09% share price drop.
Aurora Cannabis missed Q3 earnings estimates significantly, reporting an EPS of $-0.18 compared to the expected $-0.05. This is likely to negatively impact the stock price in the short term, as investors may be disappointed with the company's performance. Additionally, the company's history of missing earnings estimates and the subsequent share price drop last quarter further supports the expectation of a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100