Cronos: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2023, 08:27 AM ET
Last Updated - Aug 08, 2023, 08:27 AM EDT
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.
