Why Aurora Cannabis Stock Is Skyrocketing 39% Today

Shares of Aurora Cannabis (NYSE: ACB) were skyrocketing 39.2% as of 10:56 a.m. EDT on Friday. The huge gain came after the Canadian cannabis producer announced better-than-expected fiscal 2020 third-quarter results after the market closed on Thursday.

Aurora's Q3 net revenue increased 18% over the prior quarter to 78.4 million in Canadian dollars ($55.6 million), excluding provisions of CA$2.9 million. This trounced the average analyst estimate of Q3 revenue of CA$66.7 million.

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Source Fool.com