Why Aphria Stock Is Crashing Today

Shares of the Canadian pot giant Aphria (NASDAQ: APHA) are under serious pressure today. The company's stock was down by a whopping 13.4% as of 9:37 a.m. EDT Thursday morning.

What's spooking investors today? Ahead of the opening bell, Aphria released its 2021 fiscal first-quarter results. While the company posted a net loss per share for the quarter that was modestly narrower than expected ($0.02 versus $0.03), Aphria whiffed badly on revenue for the quarter. First-quarter revenue, in fact, came in 8.7% lower than FactSet's consensus estimate for the three-month period.  

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Source Fool.com