Oatly shares sink after revenue warning

Oatly Group AB shares plunged 14.8% in Monday premarket trading after the plant-based dairy company reported a third-quarter revenue miss and issued a revenue warning for the year. Net losses totaled $41.2 million, or 7 cents per share, after a loss of $10.4 million, or 2 cents per share, last year. Revenue totaled $171.1 million, up from $114.7 million. The FactSet consensus was for a loss of 10 cents per share and revenue of $185.6 million. For the year, Oatly is guiding for revenue that excee


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