Canopy Growth Q4 Net Revenue C$72.788M Beat C$72.310M Estimate, EPS From Continuing Operations C$(1.06)
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth reported Q4 net revenue of C$72.788 million, beating the estimate of C$72.310 million. However, the EPS from continuing operations was a loss of C$(1.06).
May 30, 2024 | 11:03 am
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Canopy Growth's Q4 net revenue of C$72.788 million exceeded expectations, but the company reported a significant loss in EPS from continuing operations at C$(1.06).
While Canopy Growth's revenue beat expectations, the significant loss in EPS from continuing operations may concern investors. This mixed result could lead to neutral short-term price movement as the market digests both the positive revenue beat and the negative EPS.
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