Shares of SNDL Inc. (NASDAQ:SNDL) tumbled 11.42% in pre-market trading on Tuesday, following the release of the company's third-quarter earnings report that fell short of analyst expectations on the bottom line.

The cannabis and liquor retailer reported a quarterly loss of $0.05 per share, significantly missing the analyst consensus estimate of a $0.02 loss. This represents a 150% larger loss than anticipated and contrasts with the previous year's loss of $0.07 per share. Despite the disappointing earnings per share, SNDL managed to beat revenue expectations, reporting quarterly sales of $244.219 million, slightly above the analyst estimate of $242.976 million and showing a 3.09% increase from the same period last year.

The substantial pre-market decline suggests that investors are focusing more on the company's wider-than-expected losses rather than the marginal revenue beat. This reaction highlights the market's concern about SNDL's profitability and its ability to control costs in the challenging cannabis and liquor retail sectors. As the trading day approaches, market participants will be closely watching to see if SNDL can recover from this initial negative reaction or if the downward pressure will persist.