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Benzinga
9 days

Aurora Cannabis Stock Jumps On 'Record-Breaking' Q3 Earnings

1. Aurora Cannabis reported CA$88.2 million net revenue, a 37% increase. 2. Medical cannabis revenue grew by 51%, driven by international sales. 3. Adjusted gross profit surged 67% to CA$56.0 million, showing strong margins. 4. Consumer cannabis revenue fell 15%, reflecting a strategic focus shift. 5. ACB shares rose 31.3% in premarket, indicating positive market reaction.

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FAQ

Why Bullish?

Aurora's strong revenue growth in medical sales enhances investor confidence. Similar past performances led to sustained price increases in ACB stock.

How important is it?

Significant revenue growth and profit margins indicate future potential, impacting stock performance directly.

Why Short Term?

Immediate revenue growth suggests short-term positive impact. Historical gains usually follow strong quarterly reports.

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