Canopy Growth Q1 Sales $109.00M Beat $67.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth reported Q1 sales of $109.00 million, beating the analyst consensus estimate of $67.98 million by 60.34 percent. This represents a 26.32 percent increase over sales of $86.29 million the same period last year.
August 09, 2023 | 9:18 pm
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Canopy Growth's Q1 sales significantly exceeded analyst expectations, which could positively impact the stock price.
Canopy Growth's Q1 sales were significantly higher than expected, beating estimates by over 60%. This positive financial performance could increase investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100