September 12, 2019 - 1:09 PM EDT
Aurora Stock Tumbles as Q4 Results Miss Guidance


Aurora Stock Tumbles as Q4 Results Miss Guidance

Aurora stock

Aurora Cannabis Inc (TSX:ACB) (NYSE:ACB) posted weaker than expected quarterly results yesterday, causing Aurora stock to drop over 8%.

Aurora Stock Hampered By Walk Back on Profitability

The world’s second-largest pot company reported $98.9 million CAD in revenue for the period ended June 30, which is an increase of 52% from the previous quarter and 416% year-on-year, while net sales grew 61% to $94.6 million CAD. While this is still an impressive increase, analysts had expected Aurora to post sales of $108.3 million CAD as per the company’s earnings preview in July, which has been a ...

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Source: Pot Stock News (September 12, 2019 - 1:09 PM EDT)