Canopy Growth (NYSE: CGC) reported an improvement in net loss for its first quarter ended 2021 with a revenue increase of 22%. Net loss attributable to Canopy Growth shrank to C$108.5 million in Q1 from C$185.9 million in the first quarter of 2020. On a per-share basis, net loss improved to C$0.30 a share from a loss of C$0.54 a share in the prior-year quarter.
CGC shares jumped about 10% in the pre-market trading session.
Revenue rose to C$110 million in the first quarter compared to C$90.5 million in Q1 2020. The increase was driven by higher medical cannabis sales in Canada and Germany, strong vaporizer sales and the benefit of a full quarter of contribution from acquired businesses C3 and This Work.
Cintas Corporation (NASDAQ: CTAS) reported first quarter 2021 earnings results today. Revenue was $1.75 billion, down 3.6% year-over-year. Net income rose 19% to $300 million, or $2.78 per share, from
General Mills (NYSE: GIS) reported first-quarter 2020 financial results before the opening bell on Wednesday. The company reported a 9% increase in Q1 revenues to $4.36 billion, beating the Wall
JinkoSolar Holding Co., Ltd. (NYSE: JKS) reported second quarter 2020 earnings results today. Total revenues increased 22.2% year-over-year to RMB8.45 billion ($1.20 billion), exceeding the company’s guidance of $1.10 billion to $1.18 billion. The growth was