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Cronos Group (TSX:CRON) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.01 by 800 percent. This is a 190 percent increase over losses of $(0.10) per share from the same
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US stock futures mixed, Nasdaq up 0.1%. Mercury Systems Inc down 10.6%, other stocks also falling. Companies report mixed quarterly results.
Read original at benzingaKEYS stock rose 3% in pre-market trading due to strong financial results and guidance. Other gainers include TNON, BIVI, ZNB, MSS, CAST, RCON, TGL, OPHC, and GURE. Losers include DAIC, PFSA, TPET, and OSRH with significant declines.
Read original at benzingaTrump Media & Technology Group stock dropped 9.4% after unwinding its partnership with Crypto.com. The company scrapped plans for a digital-asset treasury company as the value of Cronos tokens collapsed from $0.20 to $0.047. Trump Media still holds crypto assets including Bitcoin and has taken substantial paper losses. With only $3.7 million in revenue against $530 million in losses over the past year, the company's $2.8 billion market cap appears disconnected from its fundamentals.
Read original at the-motley-fool