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Canadian Medical Marijuana Firm Aurora Cannabis Expects Weak Demand In International Market

1. Aurora reported a loss of 24 cents per share, missing estimates. 2. Sales reached $63.07 million, above the consensus of $62.04 million. 3. Medical cannabis revenue rose 48% year over year, dominating total revenue. 4. Consumer cannabis revenue declined 20% year over year due to strategic focus. 5. Aurora expects stable future performance with strong international medical sales.

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FAQ

Why Bearish?

The earnings loss, while offset by sales growth, significantly disappointed investors. Historical data shows negative earnings surprises typically lead to declines in stock price.

How important is it?

Despite revenue beats, the earnings miss may overshadow positive sales growth, impacting investor sentiment.

Why Short Term?

Immediate reactions to earnings reports often affect short-term stock prices but can stabilize as market digests the information.

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