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.”
Prior performance
Most Popular
AVGO Earnings: Highlights of Broadcom’s Q4 2022 report
Chipmaker Broadcom, Inc. (NASDAQ: AVGO) Thursday reported better-than-expected earnings and revenues for the fourth quarter of 2022. Net profit was $10.45 per share in the final three months of the
COST Earnings: All you need to know about Costco Wholesale Corporation’s Q1 2023 earnings results
Costco Wholesale Corporation (NASDAQ: COST) reported first quarter 2023 earnings results today. Net sales increased 8.1% to $53.44 billion compared to the same period a year ago. Comparable sales were up
Three factors that bode well for Campbell Soup (CPB) in the current environment
Shares of Campbell Soup Company (NYSE: CPB) were up 1% on Thursday. The stock has gained 30% year-to-date and 34% over the past 12 months. The food company started the
