Canopy Growth Q1 EPS $(0.05) Beats $(0.13) Estimate, Sales $90.16M Beat $68.01M Estimate
Portfolio Pulse from vinayak@benzinga.com
Canopy Growth (NASDAQ:CGC) reported Q1 EPS of $(0.05), beating the analyst consensus estimate of $(0.13) by 61.54%. The company also reported quarterly sales of $90.16 million, beating the analyst consensus estimate of $68.01 million by 32.56%. This represents a 92.96% increase in EPS and a 4.48% increase in sales compared to the same period last year.
August 09, 2023 | 9:22 pm
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POSITIVE IMPACT
Canopy Growth's Q1 results beat estimates, with a significant increase in EPS and a moderate increase in sales compared to the same period last year.
Canopy Growth's better-than-expected Q1 results, including a significant increase in EPS and a moderate increase in sales, are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100