Tilray, Inc. (TLRY) Misses Q3 EPS by 7c

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Go back to Tilray, Inc. (TLRY) Misses Q3 EPS by 7c

Tilray, Inc. (TLRY) stock plunges after cutting guidance

April 9, 2024 11:14 AM EDT

Tilray, Inc. (NASDAQ: TLRY) shares plummeted 21% after the company reported a wider-than-expected loss for the third quarter and lowered its full-year adjusted EBITDA guidance. The cannabis and beverage-alcohol company posted an adjusted third-quarter loss of -$0.12 per share, missing analysts' estimates of -$0.05. Revenue also fell short of expectations, coming in at $188.3 million against the consensus estimate of $198.44 million.

Despite a significant increase in net revenue of approximately 30% YoY, from $145.6 million in the same quarter last year, Tilray's results did not meet market expectations. The company's beverage-alcohol net revenue saw... More