Celsius (CELH) stock surged 14% after the company reported strong fourth-quarter results, with revenue up 95% year on year, driven by North American and international growth. The company's gross margin also improved significantly, contributing to an EBITDA beat, although its EPS narrowly missed expectations. The market's perception of the business has been significantly impacted by this news, with the stock being very volatile. Despite recent fluctuations, Celsius is up 36.9% since the beginning of the year.
Health-focused energy drink maker Celsius Holdings (CELH) reported better-than-expected Q3 earnings, with earnings per share rising to 89 cents and revenue increasing by 104% to a record $384.8 million. The company claimed the title for the highest-selling energy drink on Amazon.com and has seen significant growth in market share. CELH stock initially surged but reversed lower, falling 3.8% in volatile trading. The stock had rallied last week on news of a three-for-one stock split. Rival Monster Beverage (MNST) also saw its stock decline after reporting a 43% earnings increase.
