Cronos Group Shares Rise After Q3 Results Top Estimates

MT newswire2026/11/05 14:21

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10:21 AM EST, 11/05/2026 (MT Newswires) -- Cronos Group (CRON) shares rose 9% in Thursday trading after the company reported Q3 results that topped Wall Street estimates. In the three months ended Sept. 30, earnings fell to $0.04 per diluted share from $0.07 a year earlier. Three analysts polled by FactSet expected $0.03. Net revenue rose to $63.5 million from $36.3 million a year earlier. Four analysts projected $51.2 million. Price: 3.83, Change: +0.32, Percent Change: +8.97

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On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.

华尔街见闻•2026/11/12 15:31