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Tilray Climbs After Hours; Del Taco, Revlon Sink Sharply

Stock MarketsMar 18, 2019 05:14PM ET
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© Reuters.

Investing.com - These stocks were active postmarket.

Cannabis company Tilray (NASDAQ:TLRY) rose 3% in after-hours trading. It reported a quarterly loss wider than expectations from Investing.com. Revenue of $15.5 million slightly missed the Investing.com forecast, but was up more than 200% from the year-ago period thanks to strength in bulk sales.

But perhaps most exciting for investors, Tilray’s CEO told CNBC that cannabis beverages could be on shelves in Canada by October.

Things going well for pot, but not for tacos is probably a rare occurrence, but that happened after the bell as Del Taco Restaurants (NASDAQ:TACO) dived 7% after hours.

The fast food company reported earnings just below the Investing.com consensus, with sales in line. But profit guidance was a concern. Del Taco said it now sees fiscal 2019 profit of 47 to 52 cents per share, below the S&P Capital IQ forecast of 58 cents per share, according to Briefing.com.

And cosmetics company Revlon (NYSE:REV) plunged 12% postmarket. The company reported a fourth-quarter loss of 86 cents per share. That was way off the 15 cents per share profit forecast, but investors should take that with a grain of salt since just one analyst is covering the stock and offering forecasts.

The company is still in the process of an audit and said it “expects to disclose in its 2018 Form 10-K that it identified a material weakness in its internal control over financial reporting as of year-end 2018.”

Tilray Climbs After Hours; Del Taco, Revlon Sink Sharply
 

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