Aurora Cannabis (ACB) Reports Q2 Revenue of C$56.03M

Aurora Cannabis (NYSE: ACB) reported Q2 revenue of Cdn$56.03 million versus the consensus estimate of Cdn$61.7 million.

Outlook

Consistent with Aurora's release dated February 6, 2020; the Company is bullish on the long-term potential for the global cannabis opportunity. However, due to several short-term factors, there is likely to be a slower than previously expected rate of industry growth in the near-term. The Company has outlined a number of fiscally responsible steps it has already taken to realign its business operations to this expected industry growth rate. Aurora reiterates its outlook for fiscal third quarter that cannabis revenue will be impacted by previously mentioned industry headwinds, and as such will likely show modest to no growth relative to fiscal Q2's cannabis revenue, excluding provisions, of approximately $65 million.

For earnings history and earnings-related data on Aurora Cannabis (ACB) click here.

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