Aphria Stock Falls on Q2 Revenue Miss, Guidance Chop
Aphria (NYSE: APHA) is having a memorable day, as the company has reported its latest quarterly figures and delivered an update about its top management.
For the company's Q2 of fiscal 2020, it booked net revenue of 120.6 million Canadian dollars (all line items in this story are in reported in the currency). This was down 4% on a sequential basis, but up nearly six-fold from the same quarter of 2019. On the bottom line, the company flipped to a net loss of C$8.2 million (C$0.03 per share); the year-ago result was a net profit of almost C$54.8 million.
On average, analysts tracking the stock were estimating net revenue would land at C$129.8 million. The net loss was in line with their expectations.
Source Fool.com
