Tilray Q3 Results Miss Estimates
(RTTNews) - Cannabis cultivator Tilray, Inc. (TLRY, TLRY.TO) reported Tuesday a third-quarter net loss attributable to stockholders of Tilray of $104.98 million or $0.12 per share, sharply narrower than a net loss of $1.21 billion or $1.90 per share in the prior-year quarter.
On average, 30 analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the quarter increased 29 percent to $188.34 million from $145.59 million in the same quarter last year. Analysts were looking for revenues of $198.50 million for the quarter.
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European Economic News Preview: Eurozone Inflation Data Due
Flash inflation from the euro area and mortgage approvals from the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's retail sales and import prices for April. Retail sales are forecast to fall 0.1 percent on month, in contrast to the 1.8 percent rise in March.
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European Shares To Drift Lower Ahead Of Eurozone, US Inflation Prints
European stocks are seen opening slightly lower on Friday as investors react to weak Chinese data and await key inflation readings from the euro zone and the U.S. for direction.
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Indian shares may open on a positive note Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year.
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The Thai stock market on Thursday snapped the two-day slide in which it had stumbled more than 15 points or 1.1 percent. The Stock Exchange of Thailand now sits just above the 1,350-point plateau although it's likely to turn lower again on Friday.
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China Manufacturing Sector Falls Into Contraction - NBS
The manufacturing sector in China slipped into contraction territory in May, the latest survey from the National Bureau of Statistics showed on Friday with a manufacturing PMI score of 49.5.
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