Jumps on strong Q4 revenue, upbeat Q1 forecast

Alkaline Water

17/06/2020 13:33

** Shares of alkaline drinking water producer  WTER.O  rise
~45% to $1.95 premarket
    ** Co says Q4 revenue jumped by more than 50%, also expects
record Q1 revenue 
    ** "The current pandemic acted as a catalyst for some of the
current quarter’s growth, but also set the stage for significant
future growth", CEO Richard Wright says 
    ** Stock among best performers across U.S. exchanges 
    ** Stock is up ~5% this year, as of last close 

 (Reporting by Abhishek Manikandan)
 ((abhishek.manikandan@thomsonreuters.com))