Cronos Group Shares Fall After Posting Swing to Q4 Loss, Net Revenue Gain
MT Newswires Live
Feb 26
Cronos Group's (CRON) shares were down nearly 6% in early Thursday trading after the company reported a Q4 net loss premarket of $0.02 per diluted share, swinging from earnings of $0.11 a year earlier.
Three analysts polled by FactSet expected earnings of $0.02.
Net revenue for the quarter ended Dec. 31 was $44.5 million, compared with $30.3 million a year earlier.
Three analysts surveyed by FactSet expected $38.7 million.
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