Investing.com – Cannabis company Tilray (NASDAQ:) reported quarterly results that beat on the top and bottom lines Tuesday, sending shares higher postmarket following a regular-session rally.
Tilray reported a first-quarter of 27 cents per share, excluding one-time items. That was a penny narrower than the loss of 28 cents a share expected by analysts surveyed by Investing.com.
Revenue for the company, based in Nanaimo, B.C., Canada, jumped nearly 200% from the year-ago period to $23 million, ahead of expectations of $20.5 million.
The stock rose 6.9% in after-hours trading following a rise of 4.9% during market hours.
Total kilograms sold rose to 3,012 kg from 1,299 kg in the same quarter a year ago. Net selling price per gram dipped to $5.60 from $5.94.