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Portfolio Pulse from Nina Zdinjak
Tilray Brands (NASDAQ:TLRY) reported a 25% year-over-year increase in revenue for Q4, beating consensus estimates. Net loss narrowed significantly. Analyst Pablo Zuanic maintained a 'Neutral' rating but highlighted Tilray's long-term potential due to its liquidity, market cap, and assets. Shares rose 8.74% in pre-market trading.
July 30, 2024 | 12:36 pm
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Tilray Brands reported a 25% YoY increase in Q4 revenue, beating estimates. Net loss narrowed significantly. Analyst Pablo Zuanic maintained a 'Neutral' rating but highlighted the company's long-term potential. Shares rose 8.74% in pre-market trading.
Tilray's strong Q4 performance, beating revenue estimates and significantly narrowing net loss, is a positive indicator. Analyst's long-term positive outlook, despite a 'Neutral' rating, and the 8.74% pre-market share increase suggest a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100