Tilray Brands Slashed Its Guidance. Is the Stock a Buy?
Tilray(TLRY) fool.com·2024-05-27 02:28
This worse-than-expected news is not necessarily a sign to buy the dip.It usually isn't a good sign when businesses announce that their projection for their annual earnings needs to be adjusted downward, like Tilray Brands (TLRY 1.09%) did with its third-quarter earnings on April 9. Since then, however, there have been a couple of important developments that could cut some of the bitterness that shareholders may be experiencing.Despite the setback with its progress relative to management's past guidance, th ...