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Celsius Stock Surges on Huge Earnings and Revenue Beats

TheMotleyFool

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Celsius Stock Surges on Huge Earnings and Revenue Beats: https://g.foolcdn.com/editorial/images/743384/celh-stock-beverage-stocks.png

Celsius (NASDAQ: CELH) stock gained 20.5% on Wednesday, following the energy beverage maker's release of a powerful second-quarter 2023 report on the prior afternoon.

The stock's rise is attributable to the quarter's revenue and earnings crushing Wall Street's consensus estimates.

In 2023, shares were already solidly outperforming the broader market prior to the release of the Q2 report, and now they're walloping it. The stock is up 66% this year through Wednesday, versus the S&P 500 index's 17.5% return over this period.

Source Fool.com

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