Celsius Holdings stock slip on wider than expected loss (NASDAQ:CELH)
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Celsius Holdings (NASDAQ:CELH) shares slid in Wednesday’s extended trading after losses accelerated faster than consensus estimates in Q4.
The Florida-based beverage company reported a $0.37 per share loss in the quarter, far wider than the $0.11 Street consensus forecast. Meanwhile, a 70.7% jump in revenue to $178M narrowly missed analyst expectations.
Margins expanded 450 basis points from the prior year quarter. However, the company noted that a $37.6M charge related to the termination of a distribution agreement negatively impacted results.
The stock initially slumped nearly 10% after the print before swiftly rebounding to only about a 1% decline as the results were digested.
Read more on Credit Suisse’s recent upgrade of the stock.
