Aurora Cannabis falls as Q4 revenue misses estimates

Aurora Cannabis

20/06/2024 16:56

** Shares of Canada's Aurora Cannabis  ACB.TO  fall 5.95% to
C$7.27
    ** Posts fiscal Q4 net revenue of C$67.40 mln ($49.19
million), below est. of C$70.50 mln - LSEG data
    ** Consumer cannabis revenue declines to C$10.20 mln vs.
C$14.50 mln a year earlier
    ** Adj. core profit falls to C$1.90 mln, compared with C$2
mln in the year-ago quarter
    ** Expects net revenue to grow in mid- to high-teens
percentage in Q1 2025, compared to prior quarter 
    ** Including session's losses, stock is up 11.9% YTD 


($1 = 1.3701 Canadian dollars)

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))