Cronos Group Q1 2024 GAAP EPS $(0.01), Inline, Sales $25.28M Beat $24.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cronos Group reported Q1 2024 earnings with a GAAP EPS of $(0.01), meeting analyst consensus estimates. The company's quarterly sales reached $25.28 million, surpassing the $24.32 million estimate by 3.95% and marking a 25.50% increase from the previous year.
May 09, 2024 | 11:38 am
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Cronos Group reported a GAAP EPS of $(0.01) for Q1 2024, in line with estimates, and sales of $25.28 million, exceeding expectations.
Meeting EPS estimates typically stabilizes investor confidence, while exceeding sales forecasts can lead to positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100