Cannabis producer Curaleaf revenue misses analyst expectations

Curaleaf Holdings Inc. /zigman2/quotes/205334348/delayed CURLF -1.47% /zigman2/quotes/203485866/delayed CA:CURA -0.88% late Tuesday reported a narrower-than-expected loss but revenue that fell short of consensus estimates. The cannabis retailer reported a third-quarter net loss of $6.8 million, or a penny a share, versus losses of $33.7 million, or 9 cents a share in the year-ago period. Revenue rose to $61.8 million from $21.4 million. Analysts polled by FactSet had expected losses of 2 cents a share on revenue of $63.6 million. Analysts expect fourth-quarter revenue of $101.1 million. U.S. traded shares of Curaleaf stock has gained 16% this year, as the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.27% rose 25%.

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Curaleaf Holdings Inc.

US : U.S.: OTC

$ 5.83

-0.09 -1.47%

Volume: 266,792

July 6, 2020 2:14p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.11 billion

Rev. per Employee

N/A

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Curaleaf Holdings Inc.

CA : Canadian Securities Exchange

$ 7.91

-0.07 -0.88%

Volume: 103,215

July 6, 2020 2:11p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.21 billion

Rev. per Employee

N/A

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S&P 500 Index

US : S&P US

3,169.74

+39.73 +1.27%

Volume: 1.49B

July 6, 2020 2:31p