Tilray Drops Nearly 6% in After-Hours Trading Following Q1 Report
Shares of Tilray (NASDAQ: TLRY) were trading down in after-hours action on Monday, following the release of the Canadian marijuana company's first-quarter results after market close.
Tilray booked $52.1 million in revenue for the quarter, 11% more than the preceding quarter's result, and 126% higher on a year-over-year basis. On the bottom line, it booked a net loss of $184 million ($1.73 per diluted share), an improvement over the preceding quarter's $219 million but a much deeper loss than Q1 2019's $29 million.
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Source Fool.com
