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Aurora Cannabis stock drops after earnings as revenue misses revised target

“Aurora Cannabis Inc. shares declined in the extended session Wednesday after the pot company missed revenue expectations even after dropping its forecast” writes Jeremy C for marketwatch.com. The Edmonton, Alberta-based Aurora ACB, +3.34% ACB, +3.15%  reported a fiscal fourth-quarter adjusted Ebitda loss of C$11.7 million ($8.9 million) on net revenue of $98.94 million.Last year in the same quarter, Aurora reported net income of C$79.9 million, or 17 cents a share, on net revenue of C$19.1 million.Aurora shares declined about 9% in after-hours trading following the results. U.S.-traded shares of Aurora have gained 30% this year, with the S&P 500 index SPX, +0.72%  rising 18.9%.
 
Source: marketwatch.com



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