Oatly Group Q3 EPS $(0.07) Beats $(0.12) Estimate, Sales $187.59M Miss $193.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oatly Group (NASDAQ:OTLY) reported Q3 losses of $(0.07) per share, beating the analyst consensus estimate of $(0.12) by 41.67%. However, the company's quarterly sales of $187.59 million missed the analyst consensus estimate of $193.70 million by 3.15%. Compared to the same period last year, the losses have decreased by 61.11% and sales have increased by 2.50%.
November 09, 2023 | 12:51 pm
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NEUTRAL IMPACT
Oatly Group's Q3 earnings beat estimates but sales missed, indicating mixed performance. The decrease in losses and slight increase in sales compared to last year may have a neutral to slightly positive impact on the stock.
While Oatly Group beat earnings estimates, it missed on sales. This mixed performance could lead to a neutral or slightly positive reaction in the stock market. The decrease in losses and slight increase in sales compared to last year is a positive sign, but the missed sales estimate may temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100