Tilray Earnings: Cannabis Company Looks to Turn Around Losing Streak Amid Sector Optimism
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Tilray (TLRY) is scheduled to report Q1 Fiscal 2024 results on October 4 before market opens.
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TLRY has failed to beat earnings expectations in most recent quarters. The stock is down 17.5% year-to-date.
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Inclusion in SAFE Banking Act and potential DEA reclassification of marijuana could benefit the cannabis sector.
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Analysts expect Tilray to post a loss per share of $0.05 on revenues of $174.31 million.
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Tilray recently acquired 8 beer and beverage brands from Anheuser-Busch, expanding its market share to 5% in the US.