Oatly shares fall 10% after loss more than doubles and warns of a bad 2024

Shares of Oatly Inc. fell 10% Thursday to near an all-time low, after the oat milk maker’s fourth-quarter loss more than doubled from a year earlier and its revenue fell well to below analysts’ estimates.

Swedish company OTLY reported a net loss of $298.7 million, or 50 cents per share, for the quarter, higher than the loss of $125.2 million, or 21 cents per share, reported in the same period of the last year. FactSet analysts’ consensus was for a loss of 11 cents.


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