Canopy Growth Corporation (CGC) Reports Q3 Loss, Tops Revenue Estimates
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Canopy Growth Corporation (CGC) reported a Q3 loss of $0.76 per share, which was larger than the Zacks Consensus Estimate of a $0.48 loss. However, the company topped revenue estimates.
February 07, 2025 | 2:30 pm
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Canopy Growth Corporation reported a Q3 loss of $0.76 per share, missing the Zacks Consensus Estimate of a $0.48 loss. Despite this, the company exceeded revenue expectations.
The larger-than-expected loss per share is likely to negatively impact CGC's stock price in the short term, as it indicates worse-than-expected financial performance. However, the fact that the company exceeded revenue expectations may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100