Tilray Brands Q3 Sales $188.340M Miss $198.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands reported Q3 sales of $188.340 million, missing the analyst consensus estimate of $198.500 million by 5.12%. This represents a 29.36% increase over the same period last year.
April 09, 2024 | 11:07 am
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Tilray Brands missed Q3 sales estimates by 5.12%, reporting $188.340 million against an expected $198.500 million, yet saw a 29.36% YoY increase.
Missing sales estimates typically results in negative investor sentiment in the short term, potentially leading to a decrease in stock price. However, the significant year-over-year growth indicates underlying strength, which might mitigate the negative impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100