Oatly stock soars after revenue rises above expectations, $425 million in financing secured

The U.S.-listed shares of Oatly Group AB OTLY soared 13.1% in premarket trading Wednesday, after the Sweden-based oat-based drink company reported better-than-expected fourth-quarter revenue, provided an upbeat margin outlook and said it entered into transactions for $425 million in financing. Net losses widened to $125.2 million, or 21 cents a share, from $79.8 million, or 13 cents a share, in the year-ago period. The FactSet consensus was for a per-share loss of 14 cents. Revenue grew 4.9% to $195.1 million, above the FactSet consensus of $180.8 million, as 16.0% growth in the Americas and a 1.2% rise in Europe, Middle…

Source: https://www.marketwatch.com/story/oatly-stock-soars-after-revenue-rises-above-expectations-425-million-in-financing-secured-4a92b54e?siteid=yhoof2&yptr=yahoo