Glimmer of hope? CGC up this morning...
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actually produced a loss of $0.82, delivering a surprise of -203.70%.
Canopy Growth Corporation, which belongs to the Zacks Medical - Products industry, posted revenues of $93.77 million for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 18.90%. This compares to year-ago revenues of $62.85 million. The company has topped consensus revenue estimates just once over the last four quarters.