Canopy Growth Slips To Loss In Q1
(RTTNews) - Canopy Growth Corp. (CGC, WEED.TO) reported that its first-quarter net loss attributable to the company was C$2.08 million or C$5.23 per share, compared to net income of C$0.39 million or C$0.84 per share in the prior-year quarter.
On average, six analysts polled by Thomson Reuters expected the company to report a loss of C$0.29 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the quarter declined 19 percent to C$110.12 million from C$136.21 million in the same quarter last year. Analysts expected revenues of C$112.70 million for the quarter.
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Canopy Growth Q4 Loss Sharply Narrows
Cannabis company Canopy Growth Corp. (CGC, WEED.TO) reported that its fourth-quarter net loss attributable to the company was C$92.34 million or C$1.03 per share, sharply wider than C$640.08 million or C$12.83 per share in the prior-year quarter.
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TSX Ends Modestly Lower
https://money.tmx.com/canadian-markets
https://www.rttnews.com/3499633/bay-street-likely-to-open-slightly-higher.aspx?type=cn
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U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
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Swiss Market Ends On Firm Note
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The benchmark SMI closed up 101.06 points or 0.88% at 11,589.34, slightly off the day's high of 11,597.29.
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Canadian Dollar Declines Against Most Majors
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European Markets Close Higher
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Activity was a bit subdued in most of the markets in the region amid a lack of triggers, and ahead of the New Year holidays coming up next week.
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