Tilray (NASDAQ: TLRY) reported fourth-quarter 2020 financial results after the regular market hours on Wednesday. The cannabis company reported fourth-quarter revenue of $56.6 million, up 21% year-over-year and above the Wall Street projection. Net loss of $0.02 per share was also narrower than what analysts had anticipated.
TLRY shares shot up over 7% immediately following the announcement. The stock has increased over 85% over the past 12 months.
CEO Brendan Kennedy said, “Amid an acceleration of regulatory changes and an increasingly-favorable political environment, our proposed merger with Aphria will position the combined company as a global leader with lowest cost of production, leading brands, a well-developed distribution network, and unique partnerships.”
Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was
Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an
Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los