Sundial Growers Reports Net Revenues Of $9.9 Million, Net Loss Of $134.4 Million
Sundial Growers (NASDAQ: SNDL) reported its first quarter financial results yesterday evening, reporting net revenues of $9.9 million for the quarter, a decline of 28.6% from the prior quarter. The company also reported a net loss of $134.4 million. Financial results were a miss in terms of revenues, with analysts expecting gross revenues of $13.88 […]
Cronos: Raymond James Remains Bullish Despite Revenue Miss
Cronos Group (TSX: CRON) (NASDAQ: CRON) reported its first-quarter financial results on Friday, May 7th. The company announced revenues of only $12.61 million, a 50% increase year over year but down 26% sequentially. Operating income came in at ($45.20) million, an increase of 21.4% quarter over quarter. The company also burned $46 million from operating […]
Canadian Federal Government Launches $740 Million for Airport Funding
Canada’s federal government is planning to launch a series of programs aimed at the country’s aviation sector, with hundreds of millions of dollars in funding for infrastructure repair. According to Bloomberg, which cited a government official familiar with the matter, Ottawa is making $740 million worth of capital investments available to Canada’s airports over the […]
US Job Openings Soar to Record 8.12 Million as Businesses Face Hiring Challenges
Job Openings across the US soared to a new record high in March, accentuating a sharp increase in labour demand as states reopen their economies and vaccinations accelerate. According to the latest Department of Labour Job Openings and Labour Turnover Survey (JOLTS) published on Tuesday, the number of available positions jumped to 8.12 million in […]
Electronic Arts: Fourth Quarter Consensus Estimates
Electronic Arts (NASDAQ: EA) will be reporting their fiscal fourth quarter financial results this evening after market close. Analysts have a consensus $161.38 12-month price target on the company, via a total of 33 analysts, with seven analysts having strong buy ratings, 14 analysts having buy ratings and 12 have hold ratings. The street high […]
Unity Software: Analysts Anticipate $216.6 Million In Q1 Revenues
Unity Software (NYSE: U) will be reporting their first-quarter financial results this evening after market close. Analysts have a consensus $139.58 12-month price target on the company, via a total of 13 analysts, with two analysts having strong buy ratings, six analysts having buy ratings, three have hold ratings and two have sell ratings. The […]
Sundial Growers Expected To Post $13.88 Million In Q1 2021 Revenues
Sundial Growers Inc. (NASDAQ: SNDL) announced that they will be reporting their first quarter financials after hours on March 11th. Analysts have a consensus U$0.90 12-month price target on the company, via a total of 5 analysts, with two analysts having a hold rating, another two have sell ratings and a single analyst has a […]
Dogecoin: Consider The Scarcity Of Crypto Currencies – The Daily Dive feat Gareth Soloway
Today on the Daily Dive, we sit down with frequent guest Gareth Soloway of InTheMoneyStocks.com. Gareth sits down with our host Cassandra Leah this afternoon to discuss the rise and risks of Dogecoin, the never ending discussion of whether the Fed will raise rates, and the rise of copper and gold, along with some of […]
Peloton Sees Consensus Targets Tumble Amid Recalls
Peloton Interactive (NASDAQ: PTON) investors had a very rough week last week after falling almost 16% after the company recalled 125,000 Tread+ products, then on Thursday, it reported its fiscal third-quarter results. Its third-quarter results came in above analysts’ expectations. The company announced third-quarter revenue of $1.262 billion, and a gross margin of 35.2%. Net […]
Amazon Upsizes Bond Offering to $18.5 Billion in New Debt Sale It Doesn’t Actually Need
It appears that the historically cheap borrowing costs of the Covid-19 era were too good to resist, even for a company with a $1.6 trillion market cap, such as Amazon. The online retail giant is planning to sell bonds to buy back stock and refinance debt in what is its largest bond offering to date. […]