Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Aurora Cannabis Stock Dropped Today

TheMotleyFool

0 0

Why Aurora Cannabis Stock Dropped Today: https://g.foolcdn.com/editorial/images/736378/wilted-marijuana-plants.jpg

Shares of Canadian marijuana company Aurora Cannabis (NASDAQ: ACB) are down sharply in afternoon trading Wednesday, falling 7.6% through 1:55 p.m. ET after underperforming expectations in its fiscal third-quarter 2023 earnings report this morning.

Aurora reported revenue of only 64 million Canadian dollars ($48.1 million), a miss on sales. Analysts had forecast it would lose $0.05 per share on sales of $48.6 million.

The company did not give a per-share figure for its net loss, but Aurora's total net loss of CAD$87 million appears to work out to a loss of CAD$0.25 per share ($0.19) based on the company's share count of 351.6 million.

Source Fool.com

Like: 0

ACB

Share