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Canopy Growth Falls 1.87%, Underperforming the S&P 500
Canopy Growth shares fell more than the major indexes, while analysts expect a loss in the company's upcoming quarterly report.
Key takeaways
- Canopy Growth fell 1.87% to $0.87 at the latest close.
- Analysts expect a quarterly loss of $0.03 per share and revenue of $59.12 million.
Canopy Growth Corporation fell 1.87% to $0.87 at the latest close, trailing the S&P 500, which lost 0.22%. The Dow fell 0.66%, while the Nasdaq declined 0.22%.
The stock lost 7.75% over the past month, compared with a 4.73% decline in the Medical sector and a 1.4% gain for the S&P 500.
For Canopy Growth's upcoming earnings report, analysts expect a loss of $0.03 per share and revenue of $59.12 million, according to Zacks consensus estimates.
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This article was produced with the help of AI technology. Source: Yahoo Finance
