HEXO Q3 EPS $(0.70), Sales $15.86M Miss $18.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
HEXO reported Q3 losses of $(0.70) per share, an 85.29% increase from last year, and sales of $15.86 million, missing the analyst consensus estimate of $18.92 million by 16.17%. Sales decreased by 65.19% compared to the same period last year.
June 14, 2023 | 9:25 pm
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NEGATIVE IMPACT
HEXO's Q3 earnings show increased losses and missed sales estimates, with a 65.19% decrease in sales compared to last year.
HEXO's Q3 earnings report shows increased losses per share and missed sales estimates, which is likely to negatively impact the stock price in the short term. The significant decrease in sales compared to the same period last year further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100