Oatly Group Q2 EPS $(0.05) Beats $(0.07) Estimate, Sales $202.19M Beat $201.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oatly Group (NASDAQ:OTLY) reported better-than-expected Q2 earnings and sales. The company posted a loss of $(0.05) per share, beating the $(0.07) estimate, and sales of $202.19 million, surpassing the $201.17 million estimate. This marks a significant improvement from the previous year.
July 24, 2024 | 11:03 am
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Oatly Group reported Q2 losses of $(0.05) per share, beating the $(0.07) estimate, and sales of $202.19 million, surpassing the $201.17 million estimate. This indicates a positive trend in the company's financial performance.
The better-than-expected earnings and sales figures suggest improved financial health and operational efficiency for Oatly Group. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100