Celsius Slumps, SoundHound Soars, MetLife Jumps on Underwriting, Volume Growth
On this episode of Stock Movers: -Celsius Holdings Inc. (CELH) shares tumbled after the energy drink maker’s second-quarter revenue missed expectations as competition hurt sales of its namesake brand. The company’s revenue grew 11% to $817.9 million from a year earlier, missing the $872.6 million average estimate, and revenue for the Celsius line fell 12%. -SoundHound (SOUN) shares soar after the software company reported better-than-expected second-quarter revenue. D.A. Davidson analyst Gil Luria says the company “reported a strong quarter delivering revenue well ahead of…
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