From Nasdaq: 2024-11-08 18:45:02

Cresco Labs Inc. (CRLBF) reported a quarterly loss of $0.02 per share, missing the Zacks Consensus Estimate of a loss of $0.01. This marks an improvement from a loss of $0.04 per share a year ago. The company’s revenues for the quarter were $179.78 million, slightly below expectations.

Despite the earnings miss, Cresco Labs Inc. has topped revenue estimates three times in the last four quarters. The stock has underperformed the market this year, losing about 5.6% while the S&P 500 gained 25.2%. Investors are now looking to the company’s future earnings outlook for potential stock movement.

As investors await Quanterix Corporation’s (QTRX) upcoming earnings report, expectations are for a quarterly loss of $0.20 per share, representing a 4.8% year-over-year increase. The company is projected to report revenues of $34.32 million, up 9.6% from the same period last year.

Zacks experts have identified a top stock pick with the potential to double in value. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter. The stock has recently experienced a pullback, presenting an opportunity for investors to capitalize on its future growth potential.



Read more at Nasdaq: Cresco Labs Inc. (CRLBF) Reports Q3 Loss, Misses Revenue Estimates