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HEXO: Fiscal Q2 Earnings Snapshot

March 18, 2022 GMT

GATINEAU, Quebec (AP) _ HEXO Corp. (HEXO) on Thursday reported a loss of $564 million in its fiscal second quarter.

On a per-share basis, the Gatineau, Quebec-based company said it had a loss of $1.54. Losses, adjusted for one-time gains and costs, were 13 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The cannabis producer posted revenue of $41.9 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $50.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HEXO at https://www.zacks.com/ap/HEXO