For Canopy Growth, the fourth fiscal quarter of fiscal 2023 ended with a loss once again. Loss per share was $1.28, down from $1.460 per share in the same period last year. Analyst expectations for EPS were previously at -C$0.205 per share.
At the same time, sales fell from CAD 111.8 million to CAD 87.5 million and were thus below analyst estimates, which had previously been CAD 96.8 million.
For the full year, Canopy Growth’s earnings were below analyst estimates (EPS: -5.987 CAD): The company brought in a minus of 7.07 CAD per share, which was significantly higher than the year before (-0.779 CAD per share). Revenues were CAD 402.9 million. In the previous year, the cannabis group had turned over CAD 520.3 million, analyst estimates had previously amounted to CAD 425.7 million.
Canopy Growth shares were down 3.56 percent at $0.58 in after-hours trading on the US NASDAQ stock exchange on Thursday.