Vireo Growth Reports Q3 Revenue Beat Amid Earnings Miss
Vireo Growth (VREOF) reported mixed third-quarter financial results, characterized by a significant surge in revenue alongside a substantial earnings miss. The company achieved revenue of $253.7 million, representing a 176.7% increase year-over-year and exceeding market expectations by $23.58 million. However, the bottom line fell short of analyst estimates, with GAAP earnings per share (EPS) coming in at -$0.49, missing projections by $0.59. Following these results, the company is providing updated guidance for the fourth quarter and the first quarter of the upcoming fiscal year.
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