Canopy Growth Q1 Net Revenue C$66.212M vs C$76.258M YoY; EPS C$(1.60)
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth reported its Q1 net revenue at C$66.212 million, a decrease from C$76.258 million year-over-year. The company also reported an EPS of C$(1.60).
August 09, 2024 | 11:02 am
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NEGATIVE IMPACT
Canopy Growth's Q1 net revenue decreased to C$66.212 million from C$76.258 million year-over-year, and the company reported an EPS of C$(1.60).
The significant year-over-year decline in net revenue and the negative EPS are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100