Cannabis producer Curaleaf revenue misses analyst expectations

Curaleaf Holdings Inc. /zigman2/quotes/205334348/delayed CURLF -1.85% /zigman2/quotes/203485866/delayed CA:CURA -2.16% 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 -0.30% rose 25%.

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Curaleaf Holdings Inc.

US : U.S.: OTC

$ 5.84

-0.11 -1.85%

Volume: 102,413

Dec. 13, 2019 11:17a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.76 billion

Rev. per Employee

N/A

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Curaleaf Holdings Inc.

CA : Canadian Securities Exchange

$ 7.71

-0.17 -2.16%

Volume: 72,169

Dec. 13, 2019 11:19a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.65 billion

Rev. per Employee

N/A

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S&P 500 Index

US : S&P US

3,159.02

-9.55 -0.30%

Volume: 744.59M

Dec. 13, 2019 11:34a