Oatly (OTLY) shares are tanking after the oat-milk producer missed revenue expectations for its latest quarter and slashed its sales guidance.
The results were “disappointing, but also transitory,” Cowen senior analyst Brian Holland told Yahoo Finance Live.
Revenue came in at $171.1 million in the third quarter, missing consensus expectations of $185.7 million, based on Bloomberg data.
The company forecasts sales will come in at more than $635 million for the year, a downward revision from…
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