Stocks on the Move: General Mills on earnings beat, Aurora Cannabis on Q4 earnings loss
Wed, September 23, 2020, 11:23 AM MST
Yahoo Finance’s On the Move panel discuss today’s Stock’s on the Move: General Mills, Aurora Cannabis.
– As we take you to break, I want to check on a couple of stocks that we’re watching.
One of them is General Mills, the cereal and packaged food maker. The company reported earnings, revenue up 9%. Earnings beat estimates, and the company raised its dividend by 4%. Those shares– not much change there, rising around 1/2% percent today.
And shares of Aurora Cannabis, the Canadian cannabis company, are plunging more than 25% today. The company posted a loss in their fiscal year, just ended. The fiscal fourth quarter loss was about $1.9 billion Canadian dollars.
Earlier this month, recall, the company said it would take an impairment charge related to previous acquisitions. It also announced its third CEO this year at that time. And it’s forecasting that it will continue to see weak sales in the first quarter of this year. It’s been struggling. It first introduced a more premium product. Now it’s been trying to decide what the product mix should be. That doesn’t appear to be going very smoothly.https://s.yimg.com/rq/darla/4-4-0/html/r-sf.htmlhttps://s.yimg.com/rq/darla/4-4-0/html/r-sf.html