Oatly shares fall after quarterly loss widens

Oatly AB

04/05/2022 15:43

** Oatly Group shares  OTLY.O  fall as much as 6.6% to $3.26
- touching a record low for a second straight session 
    ** Co says Q1 loss widened to $87.5 mln or $0.15 per share,
from $32.4 mln or $0.07 per share from a year earlier
 urn:newsml:reuters.com:*:nGNX6sDSBK 
    ** Analysts had estimated a loss of $0.12 per Refinitiv
data; It was not immediately clear if figures were comparable to
OTLY's loss
    ** However, co's Q1 revenue rose 18.6% to $166.2 mln,
beating estimates of $162.1 mln 
    ** OTLY last down 2.4%; Stock has lost over 57% YTD

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; Twitter: https://twitter.com/sampath_uday
  ;))