Canopy Growth: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Canopy Growth (NASDAQ:CGC) reported Q4 earnings with an EPS of $-0.24, missing estimates by 60.0%. Revenue was down $15.61 million from the same period last year.

June 22, 2023 | 9:20 pm
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Canopy Growth's Q4 earnings missed estimates with an EPS of $-0.24, 60.0% lower than expected. Revenue decreased by $15.61 million YoY.
Canopy Growth's Q4 earnings missed estimates significantly, with an EPS of $-0.24, which is 60.0% lower than the expected $-0.15. Additionally, revenue decreased by $15.61 million compared to the same period last year. This negative performance is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100