Why Celsius (CELH) Stock Is Trading Lower Today
What Happened? Shares of energy drink company Celsius (NASDAQ:CELH) fell 23.8% in the morning session after the company reported mixed earnings. The company announced impressive year-over-year revenue growth of 173% to 0.42 also comfortably beat the consensus forecast. However, investors appeared to focus on the company's deteriorating profitability. Celsius reported a negative operating margin of 11%, a sharp decline from the ne ...