02:27 PM EDT, 10/10/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Tilray Brands ( TLRY ) shares were down 3% in recent trading on Thursday after the company missed fiscal Q1 revenue estimates.

The company reported a fiscal Q1 adjusted net loss of $0.01 per diluted share, narrower than a loss of $0.04 a year earlier.

Three analysts polled by Capital IQ expected a loss of $0.03.

Net revenue for the quarter ended Aug. 31 was $200 million, up from $176.9 million a year earlier.

Analysts surveyed by Capital IQ expected $220.8 million.

Price: 1.58, Change: -0.05, Percent Change: -3.07