Categories AlphaGraphs, Cannabis, Consumer
Infographic: Highlights of Cronos Group (CRON) Q3 2020 earnings report
Marijuana company Cronos Group Inc. (NASDAQ: CRON) on Thursday reported financial results for the third quarter of 2020. Revenues increased by 96%, while earnings declined.
Operating loss widened to $41.2 million from $30.7 million in the third quarter of 2019. Meanwhile, the Canada-based company posted a net income of $94.6 million or $0.19 per share, benefiting from one-off items and other income. It was lower than $591.7 million or $1.62 per share recorded last year.
Reflecting the improvement in the pandemic situation during the quarter, revenue nearly doubled to $11.36 million.
Read management/analysts’ comments on quarterly reports
Shares of Cronos gained modestly during Thursday’s pre-market trading, after closing the previous session lower. The stock has lost 17% since the beginning of the year.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
KinderCare Learning Companies to offer 24 Mln shares for $23-27 in US IPO
In 2024, the IPO market shifted to recovery mode, with a significant increase in activity compared to last year when it witnessed a slowdown. Encouraged by the booming stock market
Constellation Brands’ (STZ) beer business remains resilient in a tough environment
Shares of Constellation Brands, Inc. (NYSE: STZ) gained 1% on Friday. The stock has dropped 4% over the past three months. The beverages giant delivered better-than-expected earnings results for the
What to look for when Charles Schwab (SCHW) reports Q3 2024 results
Financial services company The Charles Schwab Corporation (NYSE: SCHW) is preparing to report third-quarter results on October 14, with experts predicting a mixed outcome. As part of its long-term succession
