Canopy Growth Q4 Adj EPS $(0.24) Misses $(0.15) Estimate, Sales $72.61M Miss $73.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth reported Q4 adjusted EPS of $(0.24), missing the $(0.15) estimate, and sales of $72.61M, missing the $73.19M estimate. This represents a 79.13% increase in losses and a 17.69% decrease in sales compared to the same period last year.
June 22, 2023 | 9:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Canopy Growth's Q4 adjusted EPS and sales missed estimates, with a 79.13% increase in losses and a 17.69% decrease in sales compared to last year.
Canopy Growth's Q4 results missed analyst estimates, with adjusted EPS of $(0.24) compared to the $(0.15) estimate and sales of $72.61M compared to the $73.19M estimate. The company's losses increased by 79.13% and sales decreased by 17.69% compared to the same period last year. This negative performance is likely to have a short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100