Oatly Shares Tumbled 18% on Larger-Than-Expected Quarterly Loss

Tiger Newspress2022-11-14

Oatly saw its stock tumble 18.37% in the morning trading after it reported a larger-than-expected quarterly loss and revenue that fell short of consensus.

Oatly said its results were hurt by a number of factors including China Covid restrictions, production challenges and a stronger US dollar.

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