After the earnings for the Cronos Group (CRON) and New Age Beverages (NBEV), their stock reacted in opposite directions.
CRONOS GROUP [CRON]
Where Cronos Group reported Q1 revenue of $6.5 million in Canadian dollars ($4.83 million), up 120% year over year and well above the consensus analysts’ estimate of CA$4.9 million.
Still, the stock is beaten since March, down approximately 35% since then. Today was no difference, where at first the stock tumbled more than 10%.
The fool has an analysis.
NEW AGE BEVERAGES [NBEV]
Where Cronos painted the stock red today, New Age Beverage was showing a healthy 2.5% green for the stock. With an increase in net revenue of over 400% year-on-year, the expectations are high for the maker of the healthy beverages.
Although the company missed expectations in estimated loss per share of 1 cent, the stock is up partly due to a positive operating cash flow of $11.4 million versus a loss of $100,000 a year earlier.
Over the last couple of month, New Age Beverages has entered into a number of good partnerships which could expand its marketshare in the category.
The Strains of America is long in both CRON & NBEV. We are no financial advisors, and cannot be help responsible for any bad decisions you might make with regards to investing in the stock market.