Why Tilray Stock Is Plunging Today

Prosper Junior Bakiny, The Motley Fool

11 August 2020 at 3:32 pm·2-min read

Shares of Tilray (NASDAQ: TLRY) are down by 13.1% as of 3:22 p.m. EDT on Tuesday, following the company's release of its second-quarter earnings report after the market closed on Monday. Tilray has made it a habit to disappoint investors with its financial results, and the company's latest quarterly update was yet another example of this trend. During the second quarter, Tilray reported total revenue of $50.4 million, about 10% higher than the prior-year quarter.

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