Curaleaf Holdings Q2 EPS $(0.09) Misses $(0.05) Estimate, Sales $338.60M Miss $339.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Curaleaf Holdings reported Q2 losses of $(0.09) per share, missing the analyst consensus estimate of $(0.05) by 80%. The company also reported quarterly sales of $338.60 million, missing the analyst consensus estimate of $339.26 million by 0.19%. This represents a 125% increase in losses and a 0.31% increase in sales compared to the same period last year.
August 09, 2023 | 8:26 pm
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NEGATIVE IMPACT
Curaleaf Holdings reported larger than expected losses and slightly missed sales estimates for Q2.
Curaleaf Holdings reported larger than expected losses for Q2, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term. The company also slightly missed sales estimates, which could further contribute to negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100