SunOpta (NASDAQ: STKL) shares surged 8.17% in after-hours trading on Wednesday, following the release of the company's impressive first-quarter earnings report that exceeded analyst expectations.
The plant-based food and beverage company reported quarterly earnings of $0.04 per share, significantly outperforming the analyst consensus estimate of $0.01. This represents a remarkable 300% beat and a 100% increase compared to the same period last year when the company earned $0.02 per share.
SunOpta's strong performance extended to its top line as well. The company posted quarterly sales of $201.60 million, surpassing the analyst consensus estimate of $194.55 million by 3.62%. This figure also marks a 10.26% year-over-year increase from $182.85 million in the same quarter of the previous year. The robust financial results demonstrate SunOpta's continued growth and operational efficiency, likely driving investor enthusiasm in the after-hours session.
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