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Celsius Power Surge: Q2 Earnings And Sales Smash Expectations, Stock Climbs
Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading higher after reporting second-quarter results.
The company reported earnings per share of 28 cents (+65%), beating the street view of 23 cents. Quarterly sales of $402 million (+23%) exceeded the analyst consensus of $393.165 million.
Quarterly sales were driven primarily by the North American business and the company’s success in sustaining consumer demand growth.
Revenue in the quarter was offset in ...