Canopy Growth Corporation (CGC) Reports Q2 Loss, Misses Revenue Estimates
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Canopy Growth Corporation (CGC) reported a Q2 loss of $0.95 per share, missing the Zacks Consensus Estimate of a $0.38 loss. This is an improvement from the $1.80 loss per share a year ago.
November 08, 2024 | 3:00 pm
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Canopy Growth Corporation reported a Q2 loss of $0.95 per share, missing the expected loss of $0.38. Despite missing estimates, the loss is an improvement from the previous year's $1.80 per share.
The reported loss per share of $0.95 is significantly higher than the expected loss of $0.38, indicating a negative surprise for investors. However, the loss is an improvement from the previous year's $1.80 per share, which may provide some relief. The immediate market reaction is likely to be negative due to the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100