Cronos Group (CRON) shares were up more than 12% early Thursday after the company reported a swing to Q2 earnings as net revenue increased during the period.
The company posted Q2 earnings of $0.09 per diluted share, swinging from a net loss of $0.10 per diluted share a year earlier.
An analyst polled by FactSet expected EPS of $0.01.
Net revenue for the quarter ended June 30 was $53 million, compared with $33.5 million a year earlier.
Two analysts expected $43 million.
Price: 2.72, Change: -0.09, Percent Change: -3.20
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