Investing.com - Vita Coco reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vita Coco announced earnings per share of $0.13 on revenue of $124M. Analysts polled by Investing.com anticipated EPS of $0.15 on revenue of $130.4M.
Vita Coco shares are down 16.73% from the beginning of the year, still down 52.44% from its 52 week high of $18.61 set on November 15, 2021.
Vita Coco shares lost 12.99% in pre-market trade following the report.
Vita Coco follows other major Consumer Staples sector earnings this month
Vita Coco's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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