New Age Beverages Sales Soar in Q2 as Its Bottom Line Sinks
New Age Beverages (NASDAQ: NBEV) stirs up some powerful emotions for investors. Motley Fool contributor Rick Munarriz wrote in May that "everybody hates New Age Beverages stock" based on its record-high level of short interest. But only a month later, Compass Point analyst Rommel Dionisio expressed optimism about New Age, setting a lofty one-year price target for the stock.
Both optimists and haters found reasons to justify their emotions when New Age Beverages announced its second-quarter results before the market opened on Thursday. Here are the highlights from the company's Q2 update.
Image source: New Age Beverages.
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