Tilray, Inc. (NASDAQ: TLRY), a Canadian cannabis company, reported surprise earnings in the third quarter of Fiscal 2022. Meanwhile, revenues disappointed on unfavorable foreign currency trades and the soft Canadian cannabis market.  Following the mixed update, TLRY stock rose more than 3% to close at $7.25 on Wednesday; but shares are sliding today.  Results in Detail   Total revenues of $152 million grew 23% year-over-year but missed analysts' expectations of $156.2 million. Remarkably, cannabis revenue surged 32% to $55 million, while beverage alcohol revenue jumped 64% to $20 million. Additionally, wellness revenue stood at $15 million.  Significant growth was recorded in international cannabis, with revenue surging more than 4,000% year-over-year.
https://www.tipranks.com/news/tilray-gets-greener-with-surprise-quarterly-profit?utm_source=advfn.com&utm_medium=referral
Tilray Brands (NASDAQ:TLRY)
Historical Stock Chart
From May 2022 to Jun 2022 Click Here for more Tilray Brands Charts.
Tilray Brands (NASDAQ:TLRY)
Historical Stock Chart
From Jun 2021 to Jun 2022 Click Here for more Tilray Brands Charts.