Tilray Brands Q2 Adjusted EPS $0.00 Beats $(0.06) Estimate, Sales $193.77M Miss $195.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands (NASDAQ:TLRY) reported Q2 earnings per share at $0.00, surpassing the estimated $(0.06), but experienced a 95% decrease from $0.02 per share a year ago. Sales reached $193.77M, falling short of the $195.10M estimate, yet marking a 34.44% increase from the previous year's $144.14M.
January 09, 2024 | 12:02 pm
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NEUTRAL IMPACT
Tilray Brands exceeded EPS estimates but reported a significant decrease from the previous year and a slight miss in sales forecasts.
While beating EPS estimates is positive, the significant decrease in earnings compared to last year and the miss on sales estimates could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100