Cronos Group Reports Earnings Beat, Misses Revenue Estimates For Q4

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Cronos Group Inc. (NASDAQ: CRON) on Monday reported its earnings for the fourth quarter of the financial year of 2019.

What Happened

The cannabis company posted net revenue of $7.3 million, up 41.3% from the $4.3 million posted in the similar quarter last year. The revenue was 37% lower than the FactSet analyst average estimate of $11.6 million.

The diluted earnings per share for Q4 was at 16 cents, up 21 cents year-on-year from a loss of five cents per share posted in 2018 Q4. The EPS …

Full story available on Benzinga.com

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