OrganiGram: Fiscal Q3 Earnings Snapshot
By AP News
Published - Aug 13, 2024, 07:20 AM ET
Last Updated - Aug 13, 2024, 07:20 AM EDT
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.
