SunOpta Inc. (STKL) shares plummeted 5.28% in the pre-market trading session on Thursday, following the release of the company's fourth-quarter 2024 earnings report.
The plant-based food and beverage company reported mixed results for the quarter ended December 31, 2024. While SunOpta met Wall Street's adjusted earnings expectations of $0.06 per share and posted a 6.8% increase in revenue to $193.91 million, the company reported a net loss of $8.86 million for the quarter.
The reported GAAP loss per share of $0.08 seems to have weighed on investor sentiment, resulting in the pre-market stock plummet. Despite meeting adjusted earnings expectations, the company's reported net loss and negative GAAP earnings may have raised concerns among investors about SunOpta's profitability and financial performance.
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