Aphria stock popped as much as 17% last week after Aphria Inc (TSX:APHA) (NYSE:APHA) surprised investors with its second consecutive quarter of profitability. However, the bullish sentiment was short-lived as analysts look at the company’s fiscal 2020 guidance as unachievable.
Aphria Stock Gains on Surprise ProfitWith analysts predicting Aphria Inc to post a net loss of 2 cents per share, the company surprised investors by generating a net profit of $16.4 million CAD, or 7 cents per share. Revenue of $126.1 million CAD was actually slightly down on analysts’ forecasts of $131 million CAD but ...
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