Tilray results beat analyst target, shares rise

Tilray Inc. TLRY, -0.31% connected Monday posted a second-quarter nett nonaccomplishment attributable to shareholders of $201,000 oregon zero cents a share, compared to a nonaccomplishment of $99.9 million, oregon 41 cents a share, successful the year-ago period. Revenue accrued to $155.15 cardinal from $129.46 million. Analysts expected Tilray to suffer 9 cents a stock connected gross of $170.5 million, according to a survey by FactSet. The cannabis institution is besides changing its sanction to Tilray Brands Inc. Shares of Tilray roseate 4.2% successful premarket trades.