Balance sheet under the magnifying glass: Canopy Growth stock ultimately loses double digits: Canopy Growth misses analyst expectations | news


On Friday, Canopy Growth presented the key figures for the past fourth quarter of the 2022 fiscal year.

The cannabis company reported EPS of -C$1.46. In the same quarter of the previous year there was still a loss of CAD 1.85 per share in the books. Experts had previously forecast a jump to CAD 10.65 per paper.

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Canopy Growth put sales at CAD 111.8 million. That was less than analysts had expected (C$129.9 million). Revenue for the comparable quarter was $148.4 million.

The company reported a loss of CAD 0.77 per share for the fiscal year (previous year: CAD -4.69 per share). Expert forecasts here were for EPS of CAD 0.538. Annual sales were reported at CA$520.3 million, up from CA$546.7 million in fiscal 2021. Analysts had given Canopy Growth total revenues of CA$538.9 million.

NASDAQ-listed Canopy Growth shares ended Friday trading down 12.07 percent at $4.88.

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