Tilray posts larger-than-expected loss

Tilray Inc. TLRY, -2.79% said Thursday its archetypal 4th nett nonaccomplishment widened to $34.6 cardinal oregon 8 cents a share, from a nonaccomplishment of $21.7 million, oregon 9 cents a stock successful the year-ago period. The cannabis institution said income accrued to $168 cardinal from $117.5 million. Tilray was expected to study a nonaccomplishment of 6 cents a stock connected income of $172.6 million, according to an expert survey by FactSet. Tilray said it's connected way with astatine slightest $80 cardinal outgo savings from its merger woody with Aphria. Shares of Tilray roseate 2.3% successful pre-market trades connected Thursday. Tilray shares are up 30.6% this year, compared to a emergence of 12.5% for the Nasdaq.