Why GrowGeneration Stock Went Hypergrowth Today
Shares of hydroponics specialist GrowGeneration (NASDAQ: GRWG) are certainly living up to their name Wednesday morning, rising 27.8% through 11:30 a.m. ET after the company reported better revenue and a narrower loss than Wall Street had expected last night.
Heading into the first quarter of 2023, analysts had expected this marijuana stock to report an $0.11-per-share loss on sales of $55.9 million. In fact, GrowGeneration scored sales of $56.8 million, and managed to hold its loss to just $0.10 per share.
Not all the news was good.
Source Fool.com
