Wed. Dec 11th, 2019

Cannabis producer Curaleaf revenue tops analyst expectations

1 min read

Curaleaf Holdings Inc.

CURLF, -4.86%

CURA, -5.81%

late Tuesday reported a narrower-than-expected loss but revenue that fell short of consensus estimates. The cannabis retailer reported a third-quarter net loss of $6.8 million, or a penny a share, versus losses of $33.7 million, or 9 cents a share in the year-ago period. Revenue rose to $61.8 million from $21.4 million. Analysts polled by FactSet had expected losses of 2 cents a share on revenue of $61.8 million. Analysts expect fourth-quarter revenue of $101.1 million. U.S. traded shares of Curaleaf stock has gained 16% this year, as the S&P 500 index

SPX, -0.06%

rose 25%.

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