Investing.com - Oatly Group (NASDAQ:OTLY) AB reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Oatly Group AB announced earnings per share of $-0.18 on revenue of $183M. Analysts polled by Investing.com anticipated EPS of $-0.11 on revenue of $211.22M.
Oatly Group AB shares are up 3.5% from the beginning of the year, still down 77.23% from its 52 week high of $10.76 set on November 19, 2021.
Oatly Group AB follows other major Consumer Staples sector earnings this month
Oatly Group AB's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.55 on revenue of $20.37B.
Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6369 on revenue of $10.52B.
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