Aurora Cannabis, Inc. (NYSE: ACB) reported a narrower loss for the third quarter of 2020, aided by a 16% growth in revenues. The company’s stock gained during Thursday’s after-hours trading session, following the announcement.
The Canada-based medical marijuana company said its net loss narrowed to C$137.39 million or C$1.37 per share in the March-quarter from C$158.35 million or C$1.89 per share in the same period of last year. The improvement in the bottom-line performance reflects a 16% increase in revenues to C$75.52 million.
Shares of Aurora Cannabis closed Thursday’s regular session higher in the New York Stock Exchange and continued to gain during the extended trading session. The stock, which has been on a downward spiral for several months, lost 73% since the beginning of the year.
When Warren Buffett dumped airline stocks suffering massive losses three weeks ago, he probably overlooked one key aspect about the industry – that no amount of restrictions will kill people’s
Alibaba Group Holding Ltd (NYSE: BABA) is striving to regain strength after falling sharply last week, ahead of fourth-quarter earnings. The positive results failed to impress stakeholders as market sentiment
The US is now back in the ring with its nemesis China for the second round. This time, the US administration has wasted no time in delivering a massive blow,