Aurora Cannabis Inc. (ACB) Beats Q2 Earnings and Revenue Estimates
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Aurora Cannabis Inc. (ACB) reported better-than-expected Q2 earnings, with a profit of $0.04 per share, surpassing the Zacks Consensus Estimate of a $0.22 loss per share. This marks a significant improvement from a $0.50 loss per share a year ago.
November 06, 2024 | 3:00 pm
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Aurora Cannabis Inc. (ACB) reported Q2 earnings of $0.04 per share, beating expectations of a $0.22 loss, and showing a significant improvement from last year's $0.50 loss per share.
The better-than-expected earnings report is likely to positively impact ACB's stock price in the short term. Beating earnings estimates and showing a significant year-over-year improvement are strong indicators of financial health and can boost investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100