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Oct. 7, 2022, 4:59 p.m. EDT

Tilray widens net loss and misses analyst estimates, shares fall

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By Steve Gelsi


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).

US : U.S.: Nasdaq
$ 2.39
-0.09 -3.44%
Volume: 22.25M
Sept. 21, 2023 4:00p
P/E Ratio
Dividend Yield
Market Cap
$1.79 billion
Rev. per Employee

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