Tilray widens net loss and misses analyst estimates, shares fall

Tilray Brands Inc. /zigman2/quotes/209129655/composite TLRY -3.44% closed lower by 18.7% on Friday after the cannabis company said its first-quarter loss widened to $65.8 million, or 13 cents a share, from a loss of $34.6 million, or 9 cents a share, in the year-ago quarter. Revenue at the cannabis company fell 9% to $153.2 million. Analysts expected Tilray to lose 7 cents a share on revenue of $155.9 million, according to FactSet data. (An earlier version of this Pulse mischaracterized Tilray's third-quarter loss).

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Tilray Brands Inc.

US : U.S.: Nasdaq

$ 2.39

-0.09 -3.44%

Volume: 22.25M

Sept. 21, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.79 billion

Rev. per Employee

$391,953