OrganiGram: Fiscal Q1 Earnings Snapshot
TORONTO (AP) _ OrganiGram Holdings Inc. (OGI) on Thursday reported fiscal first-quarter net income of $4 million.
On a per-share basis, the Toronto-based company said it had net income of 1 cent. Losses, adjusted for non-recurring gains, came to 1 cent per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.
The cannabis producer posted revenue of $32.2 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $32.6 million.
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