Celsius Stock Is Surging After The Bell: What's Going On?
Portfolio Pulse from Adam Eckert
Celsius Holdings Inc (NASDAQ:CELH) reported better-than-expected Q2 financial results, with revenues of $326 million and EPS of 52 cents, beating estimates. The company's total revenue was up 112% YoY, with international revenue increasing 76% YoY and North America revenue up 114% YoY. The company ended the quarter with $681 million in cash and equivalents. The company's shares were up 13.2% after hours.
August 08, 2023 | 8:30 pm
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POSITIVE IMPACT
Celsius Holdings reported strong Q2 results, beating estimates. This led to a 13.2% increase in the company's stock price after hours.
Celsius Holdings reported better-than-expected Q2 results, which is a positive signal for investors. This led to an increase in the company's stock price after hours.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Celsius Holdings mentioned leveraging PepsiCo's distribution system in their Q2 report.
Celsius Holdings mentioned leveraging PepsiCo's distribution system in their Q2 report. However, the impact of this on PepsiCo's stock is not clear from the article.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50