Oatly Group Q1 2024 GAAP EPS $(0.08), Inline, Sales $199.155M Beat $197.782M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oatly Group (NASDAQ:OTLY) reported Q1 2024 earnings with a GAAP EPS of $(0.08), meeting analyst expectations and marking a 38.46% improvement over last year's $(0.13) per share. Sales reached $199.155M, exceeding estimates by 0.69% and showing a 1.79% increase from the previous year.
April 30, 2024 | 11:01 am
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Oatly Group reported a Q1 2024 GAAP EPS of $(0.08), in line with expectations, and a sales increase to $199.155M, surpassing estimates.
Meeting EPS estimates and exceeding sales forecasts, especially with a year-over-year improvement in both metrics, is likely to be viewed positively by investors. This performance indicates operational efficiency and market demand strength, potentially leading to a positive short-term impact on OTLY's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100