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Why Tilray Stock Jumped Today

TheMotleyFool

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Why Tilray Stock Jumped Today: https://g.foolcdn.com/editorial/images/785230/gettyimages-1267191201.jpg

Shares of the cannabis company Tilray Brands (NASDAQ: TLRY) climbed higher Tuesday after it reported fourth-quarter results that beat analysts' consensus estimates on the top and bottom lines.

The company's shares jumped by as much as 17.5% early today and were up by 10.1% as of 3:53 p.m.

Tilray generated $229.9 million in sales in the fourth quarter, up 25% from the year-ago quarter and ahead of Wall Street's consensus estimate of $227 million.

Source Fool.com

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