Penny Stocks Articles

Aurora Stock (TSX:ACB) (NYSE:ACB) Soars As Earnings Top Estimates

Canadian cannabis firm Aurora Cannabis (TSX:ACB) (NYSE:ACB) has been in all sorts of trouble for the better part of the past months. Considering the fact that it is one of the biggest cannabis firms in the industry, there was a lot of anticipation around its fiscal third-quarter results.

Solid Earnings

The results were released on Thursday, and Aurora reported a loss of $137.4 million. While that is a significant loss, it should be noted that in the prior three months, the company had posted a loss of as much as $1.3 billion. Aurora’s sales rose to $78.4 million for the … Read More