Tilray shares are trading lower after the company missed Q3 estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.
Portfolio Pulse from Benzinga Newsdesk
Tilray's stock price dropped following its Q3 earnings miss and the announcement that it no longer anticipates achieving positive adjusted free cash flow for fiscal year 2024.
April 09, 2024 | 11:11 am
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NEGATIVE IMPACT
Tilray's shares fell after the company reported a miss on Q3 earnings and adjusted its fiscal year 2024 cash flow expectations to negative.
The miss on Q3 earnings and the adjustment of cash flow expectations directly impact investor confidence and the company's financial health perception, likely leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100