Cannabis Retailer High Tide Reports Q3 Results
Portfolio Pulse from Erica Kollmann
High Tide Inc. (NASDAQ:HITI) reported strong Q3 results, with earnings of 74 cents per share and revenue of $97 million, surpassing estimates. The company maintained a positive Adjusted EBITDA for the 18th consecutive quarter. Shares rose 8.68% after-hours.
September 16, 2024 | 8:45 pm
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High Tide Inc. reported better-than-expected Q3 earnings and revenue, maintaining a positive Adjusted EBITDA for the 18th consecutive quarter. The stock rose 8.68% after-hours, reflecting investor confidence in the company's performance.
High Tide's Q3 results exceeded expectations, with both earnings and revenue surpassing consensus estimates. The company's consistent positive Adjusted EBITDA and the CEO's positive remarks further bolster investor confidence, leading to an 8.68% increase in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100