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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