Tiger Brokers

BUZZ-Tilray Brands falls on missing Q3 revenue expectations

Reuters
Apr 08
BUZZ-Tilray Brands falls on missing Q3 revenue expectations

** Shares of cannabis firm Tilray Brands TLRY.O down 3.2% at $0.58

** Co reports Q3 rev. of $185.8 mln, missing analysts' estimate $210 mln, as per data compiled by LSEG

** Says adj. EPS remained at $0.00 in both Q3 & comparative period

** Adds, Tilray’s wellness business, Manitoba Harvest, is currently exempt from new tariffs

** Co conducted an analysis of potential implications on its business concluding that these tariffs should not impact sales

** TLRY revises fiscal year 2025 net revenue outlook to a range of $850 mln to $900 mln, down from previous estimate of $950 million to $1 billion

** As of last close, stock down ~56.4% YTD

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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