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Nov. 20, 2019, 10:10 a.m. EST · CORRECTED

Cannabis producer Curaleaf revenue misses analyst expectations

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By Max A. Cherney

An earlier version of this report had an incorrect headline and consensus number. It has been corrected.

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%.

Read the full story:
Cannabis companies rally for a second day ahead of historic vote that would lift federal ban on weed

/zigman2/quotes/205334348/delayed
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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/zigman2/quotes/203485866/delayed
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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/zigman2/quotes/210599714/realtime
US : S&P US
3,159.02
-9.55 -0.30%
Volume: 744.59M
Dec. 13, 2019 11:34a
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