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 anticipated EPS of $-0.050 on revenue of $10.79M.
Flora Growth shares are down 70% from the beginning of the year and are trading at $0.527 , down-from-52-week-high.
Flora Growth shares gained 5.40% 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, compared to forecasts 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, compared to forecast for EPS of $0.69 on revenue of $7.41B.
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