Bottom Line View: Aurora Cannabis Cuts Losses – Stocks Rise

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For the fourth quarter, which ended June 30, 2021 for Aurora Cannabis, the Canadian company generated $ 54.8 million in sales. It was less than what analysts expected. Experts are forecasting C $ 56.8 million in sales of Aurora Cannabis in advance, after the Canadian company made C $ 72.1 million in the same period last year.

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Earnings per share were -0.677 Canadian dollars in the last quarter after -16,660 Canadian dollars in the same quarter of the previous year. Experts expected a loss of C $ 0.268 per share.

For the full year 2021, the loss was – C $ 3.509 per share. The median forecast here is -3.634 Canadian dollars per share. During the previous year, Aurora Cannabis was still down by C $ 33,940 per share.

In terms of sales, the cannabis group generated sales of C $ 245.3 million in fiscal 2021, compared to C $ 278.9 million in fiscal 2020. Analysts had forecasted sales of C $ 247.9 million.

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As for Aurora Cannabis’ stake in the US traded on NASDAQ, it ultimately rose 6.66% to $ 6.81.

Finanzen.net editorial team

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