Why Celsius Stock Soared 38% Tuesday
Celsius Holdings (NASDAQ: CELH), a lifestyle fitness drink producer in the performance energy area, soared as high as 38% early Tuesday morning after delivering a stronger than expected first quarter.
Celsius' first-quarter revenue of $28 million was a 95% increase over the prior year, setting a first-quarter company record and topping analysts' estimates of $23 million. Gross profit jumped 128% from the prior year to $13 million, and earnings per share checked in at $0.01, topping analysts' estimates of a $0.01 per share loss.
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Source Fool.com
