Investing.com - Canopy Growth (TSX:WEED) reported first quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of C$-5.23 on revenue of C$110.12M. Analysts polled by Investing.com expected EPS of C$-0.285 on revenue of C$113.26M. .
Canopy Growth shares lost 7.59% to trade at C$3.410 in intra-day trade following the report.
For the year, Canopy Growth shares are down 69.11%, under-performing the S&P/TSX which is down 8.2% year to date.
Canopy Growth follows other major Healthcare sector earnings this month
On Wednesday, Green Thumb reported second quarter EPS of C$0.1 on revenue of C$254.31M, compared to forecasts of EPS of C$0.0468 on revenue of C$249.33M.
OrganiGram Holdings Inc earnings beat analyst's expectations on Thursday, July 14, 2022, with third quarter EPS of C$-0.008 on revenue of C$38.12M. Investing.com analysts expected EPS of C$-0.02 on revenue of C$33.74M
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