11:46 AM EST, 11/06/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Celsius Holdings ( CELH ) shares dropped about 10% in recent Wednesday trading after the company reported lower Q3 results that missed analysts' expectations.

The company reported breakeven Q3 earnings per diluted share, compared with earnings of $0.30 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.01.

Revenue for the quarter ended Sept. 30 was $265.7 million, down from $384.8 million a year earlier.

Analysts surveyed by Capital IQ expected $267.5 million.

Price: 28.66, Change: -3.07, Percent Change: -9.68