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OrganiGram: Fiscal Q3 Earnings Snapshot

The Canadian Press
·1 min read

TORONTO (AP) — TORONTO (AP) — OrganiGram Holdings Inc. (OGI) on Tuesday reported fiscal third-quarter earnings of $2.1 million.

On a per-share basis, the Toronto-based company said it had net income of 2 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The cannabis producer posted revenue of $30 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $28.7 million.

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

The Associated Press