Why Curaleaf Stock Dropped After Earnings
Cannabis company Curaleaf (OTC: CURLF) stock slipped 2% through 10:05 a.m. ET Friday after meeting analyst forecasts for earnings, but just missing on sales last night.
Wall Street wasn't super optimistic about Curaleaf going into earnings, forecasting a $0.07-per-share loss -- which is exactly how much Curaleaf did end up losing. Sales, though, were supposed to be $311 million for Q1, and Curaleaf reported only $310 million.
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Source Fool.com
