HEXO: Fiscal Q3 Earnings Snapshot

OTTAWA, Ontario (AP) _ HEXO Corp. (HEXO) on Monday reported a loss of $16.5 million in its fiscal third quarter.

On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 14 cents. Losses, adjusted for costs related to mergers and acquisitions, were 12 cents per share.

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The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The cannabis producer posted revenue of $18 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $28 million.

HEXO shares have climbed 80% since the beginning of the year. The stock has risen 62% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HEXO at https://www.zacks.com/ap/HEXO

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