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.
read more
TSX Falls 1% As Materials Shares Tumble
The Canadian market ended notably lower on Friday, hurt by sharp losses in materials and real estate sectors. Fading hopes of a rate cut by the Federal Reserve in September following data showing a stronger than expected growth in U.S. non-farm payroll employment weighed as well.
RTTNews
|
1天前
Dollar Rises Sharply Against Major Counterparts After Upbeat Jobs Data
The U.S. dollar gained significant ground against several major currencies on Friday as an interest rate cut in September faded a bit after data from the Labor Department showed a stronger than expected increase in the nation's non-farm payroll employment.
RTTNews
|
1天前
U.S. Consumer Credit Climbs Much Less Than Expected In April
Consumer credit in the U.S. increased by much less than expected in the month of April, according to a report released by the Federal Reserve on Friday.
RTTNews
|
1天前
Why Do Economists Think Jobs Report Could Delay Fed Rate Cuts?
The strong set of employment figures released on Friday have sent market expectations for Fed rate cuts lower as the data pointed to a strong labor market and the increase in wages could add to the stickiness of inflation. Non-farm payroll employment surged by 272,000 jobs in May, data from the Labor Department showed Friday. Economists had forecast employment growth of about 185,000 jobs.
RTTNews
|
1天前
Swiss Market Ends Marginally Up
The Switzerland market ended slightly higher on Friday after a choppy session, as investors largely refrained from making significant moves.
RTTNews
|
1天前
European Stocks Close Lower As Investors Move Past ECB Rate Cut, Digest U.S. Jobs Data
European stocks closed lower on Friday as the euphoria over an interest rate cut by the European Central Bank subsided a bit, and expectations of an early interest rate cut by the Federal Reserve faded a bit after data showed a much stronger than expected growth in U.S. non-farm payroll employment in May.
RTTNews
|
1天前
U.S. Dollar Higher As Rate Cut Bets Ease After Strong Jobs Data
The U.S. dollar firmed against its major counterparts in the New York session on Friday, as stronger-than-expected jobs data for May reduced hopes of an interest rate cut by the Federal Reserve in September.
RTTNews
|
1天前
Canadian Market Weighed Down By Losses In Materials Sector
The Canadian market is down in negative territory around noon on Friday, weighed down by losses in materials section due to weak metal prices. Investors are also digesting the jobs data from Canada and the U.S.
RTTNews
|
2天前
