Celsius Shares Climb 13% as Revenue Almost Doubles, Surpassing Estimates
$Celsius Holdings (CELH.US)$ shares climbed 13% after the maker of premium lifestyle energy drink reported that fourth quarter revenue soared to an all-time high, surpassing analysts' average estimate.
The company said revenue surged 95% to $347.4 million in the three months ended Dec. 31, driven primarily by sales in North America. That exceeded the $331.5 million estimate by analysts surveyed by Capital IQ, according to MT Newswires reports.
Celsius posted a profit of 17 cents a year, swinging from a loss of 12 cents earlier. That missed the 18 cents expected by analysts.
The company became profitable as it expanded its product reach and increased consumer awareness, Chairman and Chief Executive Office John Fieldly said in a press Thursday.
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