GATINEAU, Quebec (AP) -- HEXO Corp. (HEXO) on Thursday reported a loss of $564 million in its fiscal second quarter.
On a per-share basis, the Gatineau, Quebec-based company said it had a loss of $1.54. Losses, adjusted for one-time gains and costs, were 13 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The cannabis producer posted revenue of $41.9 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $50.4 million.
