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Cronos Group Shares Rise After Swing to Q2 Earnings, Higher Revenue

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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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