03:00 PM EDT, 04/30/2024 (MT Newswires) -- Oatly Group ( OTLY ) shares were up about 13% in Tuesday trading after reporting a narrower loss and higher revenue in Q1.

The company reported a Q1 loss of $0.08 per diluted share, narrower than a loss of $0.13 per share a year ago.

Analysts polled by Capital IQ also expected a loss of $0.08 per share.

Revenue for the quarter ended March 31 was $199.16 million, up from $195.65 million a year ago.

Analysts polled by Capital IQ expected $197.7 million.

The company reiterated its revenue growth guidance of 5% to 10% for full-year 2024.

Price: 1.13, Change: +0.13, Percent Change: +13.00