Cronos: Q2 Earnings Snapshot
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Hey there, time traveller!
This article was published 08/08/2023 (1076 days ago), so information in it may no longer be current.
TORONTO (AP) — TORONTO (AP) — Cronos Group Inc. (CRON) on Tuesday reported a loss of $8.4 million in its second quarter.
The Toronto-based company said it had a loss of 2 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The cannabis company posted revenue of $19 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $22.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRON at https://www.zacks.com/ap/CRON
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