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.

Cronos Group Q3 2020 earnings infographic

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

Infographic: How Starbucks (SBUX) performed in Q1 2023

Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections.   Global comparable store sales increased

Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search

HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results

Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,

Add Comment
Viewing Highlight