Source: Markets Insider
Pot-grower Aphria posted fiscal second-quarter revenue figures Tuesday that fell below analysts’ lowest expectation and profits that landed in-line with estimates. The Canadian firm cut its full-year revenue guidance due to “certain market dynamics” and slower-than-expected rollout of its retail stores in Ontario. Aphria stock fell as much as 8.8% in Tuesday trading. The pot producer’s chief financial officer hinted at a possible dividend for the company’s shareholders down the road, an unexpected statement amid market turmoil for Canadian weed stocks. Watch Aphria trade live here . Pot producer Aphria posted fiscal second-quarter revenue Tuesday that fell under analysts’ lowest estimate and profits that landed in-line with projections. The firm slashed its full-year revenue guidance, citing “certain market dynamics” and slower-than-expected retail development in Ontario. Aphria’s updated revenue forecast remains higher than the $571.1 million estimate from analysts surveyed by Bloomberg .