OrganiGram: Fiscal Q2 Earnings Snapshot
The Canadian marijuana producer posted revenue of $24.8 million in the period.OrganiGram Holdings Inc. (OGI) reported a loss of $5.5 million in its fiscal second quarter. The Canadian marijuana producer posted revenue of $24.8 million in the period.
TORONTO, AP -- OrganiGram Holdings Inc. reported a $5.5 million loss in the second quarter of its fiscal year on Tuesday.
The Toronto-based firm reported a 2 cent loss per share.
Wall Street was disappointed with the results. Zacks Investment Research surveyed five analysts and found that the average estimate was a loss per share of 1 cent.
Also, the cannabis producer missed Street estimates by posting revenue of $29.3 millions in the period. Six Zacks analysts expected $32.4m.
This article was created by Automated Insights using data from Zacks Investment Research. Zacks' stock report for OGI is available at URL