Aphria suspends outlook, reports $144.4-million in revenue amid COVID-19 [Toronto Globe and Mail (Ontario, Canada)]
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: Toronto Globe and Mail
Aphria suspends outlook, reports $144.4-million in revenue amid COVID-19 Aphria Inc. has suspended its outlook for the year even though it has avoided some of the COVID-19 effects that have ravaged competitors. Executives from the Leamington, Ont., company revealed Wednesday that its third quarter, which ended Feb. 29, delivered $144.4 million in net revenue, up from $73.6 million in the same quarter a year earlier. The company beat analyst expectations that suggested it would report $131.25 million in revenue in the quarter. Aphria reported net income of $5.7 million or two cents per diluted share for the quarter, compared with a net loss of $108.2 million or 43 cents per diluted share in the same quarter last year. The news caused Aphria’s stock to shoot up 11 per cent to $5.66 in morning trading. “We’ve always taken most likely the most conservative view of fair value and as a result, we haven’t had to pay the price that other people have had to pay for that aggressiveness,” said C
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