The Vita Coco Company Reports Fourth Quarter and Full Year 2022 Financial Results
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The Vita Coco Company (COCO) shares slide after wider-than-expected Q4 loss
March 8, 2023 11:03 AM ESTThe Vita Coco Company (NASDAQ: COCO) tumbled Wednesday after it missed analyst consensus expectations for earnings in the fourth quarter.
The beverage firm posted a wider-than-expected loss of $0.05 per share in the quarter, $0.09 worse than the analyst estimate of $0.04. However, revenue topped expectations, coming in at $92 million versus the consensus estimate of $90.45 million.
The company's net sales growth of 6%... More
