Cronos Group Q2 2024 GAAP EPS $(0.02) Misses $0.00 Estimate, Sales $27M Beat $26.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cronos Group reported its Q2 2024 financial results with a GAAP EPS of $(0.02), missing the estimate of $0.00. However, the company reported sales of $27 million, beating the estimate of $26.1 million.
August 08, 2024 | 11:32 am
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Cronos Group's Q2 2024 financial results showed a mixed performance. The company reported a GAAP EPS of $(0.02), missing the estimate of $0.00, but its sales of $27 million beat the estimate of $26.1 million.
The mixed results, with an EPS miss but a sales beat, suggest a neutral short-term impact on Cronos Group's stock price. Investors may weigh the negative EPS against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100