Shares of Canadian marijuana company Aurora Cannabis (NASDAQ: ACB) are down sharply in afternoon trading Wednesday, falling 7.6% through 1:55 p.m. ET after underperforming expectations in its fiscal third-quarter 2023 earnings report this morning.

Aurora reported revenue of only 64 million Canadian dollars ($48.1 million), a miss on sales. Analysts had forecast it would lose $0.05 per share on sales of $48.6 million.   

The company did not give a per-share figure for its net loss, but Aurora's total net loss of CAD$87 million appears to work out to a loss of CAD$0.25 per share ($0.19) based on the company's share count of 351.6 million.  

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Source Fool.com