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7/10

Celsius Holdings Shares Extend Rally to 26% Weekly Gain Following Strong Earnings

news.detail.publishedAt 3 days ago
news.detail.updatedAt 3 days agonews.detail.updates
1 news.detail.readingTime

news.keyFacts

  • •Celsius reported adjusted earnings of 26 cents per share, beating analyst expectations of 19 cents.
  • •Revenue more than doubled to $721.6 million from $332.2 million a year earlier, surpassing the $638.9 million forecast.
  • •Company shares jumped 11.74% in premarket trading following the report.

Celsius Holdings (CELH) shares have extended their upward momentum, surging approximately 26% over the past week to reach a price level of $55.59. This continued rally follows the company's robust fourth-quarter financial results, which significantly outperformed Wall Street estimates. The company reported adjusted earnings of 26 cents per share against a forecast of 19 cents, while revenue reached $721.6 million, beating the projected $640.8 million. Notably, Celsius successfully transitioned from a net loss to a profit of $24.7 million during the period. The sustained stock price increase reflects strong investor confidence in the company's ability to scale within the beverage and consumer goods sector. This performance underscores a lasting growth trajectory that has moved well beyond the initial post-earnings jump.

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news.detail.versionHistory

news.detail.version3 days ago
news.detail.whatChanged: The stock extended its initial post-earnings gains to a 26% weekly increase, reaching a price of $55.59.
news.detail.version3 days ago
news.detail.whatChanged: Added the specific analyst revenue forecast ($640.8 million) and confirmed the NASDAQ exchange listing.

news.detail.instrumentsSection

CELH
news.detail.sourcesSection:invezz.comproactiveinvestors.com247wallst.com