2020-04-15 07:52:23 AM ET (MT Newswires)
07:52 AM EDT, 04/15/2020 (MT Newswires) -- Aphria (APHA) said Wednesday its fiscal Q3 earnings were CAD0.02 ($0.01) per diluted share for the three months ended Feb. 29, compared with a net loss of CAD0.43 for the same period last fiscal year.
Analysts polled by Capital IQ had expected a loss per share of CAD0.06.
Revenue climbed 96.2% year-over-year to CAD144.4 million from CAD73.6 million. The mean estimate compiled by Capital IQ was for CAD130.7 million.
In light of the uncertainty from the COVID-19 pandemic, the Canadian cannabis company said it is suspending its previously announced fiscal 2020 revenue guidance of CAD575 million to CAD625 million and adjusted EBITDA target of CAD35 million to CAD42 million.
Shares surged 20.9% in recent pre-market activity on Wednesday.
Price: 4.4000, Change: +0.76, Percent Change: +20.88
Posts
