Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Shares ofTilray Brands, Inc.(NASDAQ:TLRY) fell sharply during Tuesday's session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.
Tilray Brands reported financial results on Tuesday for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. Net loss decreased to $105 million in the third quarter compared to a net loss of $1.2 billion in the prior year quarter.
Tilray Brands shares dipped 22.2% to $2.0152 on Tuesday.
Here are some other stocks moving in today's mid...
Tilray Brands, Inc.（納斯達克股票代碼：TLRY）的股價在週二的交易中大幅下跌，此前該公司未達到第三季度的預期，並表示預計2024財年將不再產生正的調整後自由現金流。
Tilray B...
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