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Investing.com - Flora Growth reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Flora Growth announced earnings per share of $-0.100 on revenue of $10.77M. Analysts polled by Investing.com EPS of $-0.050 on revenue of $10.79M.
Flora Growth 's are down 70% and is trading at $0.527 , still down 77.86% from its 52 week high of $2.38 set on Friday, March 25, 2022.
Flora Growth shares gained 5.40% to trade at $0.527 in intra-day trade the report.
Flora Growth follows other major Consumer Staples sector earnings this month
Flora Growth's report follows an earnings beat by Walmart on Tuesday, November 15, 2022, who reported EPS of $1.5 on revenue of $152.8B, EPS of $1.32 on revenue of $147.55B.
Mondelez had beat expectations on Tuesday, November 1, 2022 with third quarter EPS of $0.74 on revenue of $7.76B, for EPS of $0.69 on revenue of $7.41B.
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