Sunopta Inc is a leading company specializing in the sourcing, processing, and packaging of organic and non-GMO food products
Focused on sustainability and health, Sunopta offers a wide range of products including plant-based ingredients, fruit-based snacks, and beverages. The company aims to meet the growing consumer demand for healthier, environmentally friendly options, and operates through various segments that support supply chain operations from seed to shelf. With a commitment to innovation and quality, Sunopta plays a significant role in the food industry by promoting clean label products that cater to the preferences of health-conscious consumers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Kellanova (NYSEK) and its peers.
Plant-based food and beverage company SunOpta (NASDAQSTKL) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 15.5% year on year to $176.2 million. The company expects the full year’s revenue to be around $720 million, close to analysts’ estimates. Its non-GAAP profit of $0.02 per share was 7.7% below analysts’ consensus estimates.
Shares of Butterfly Network, Inc. (NASDAQBFLY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 1% on Friday. The Dow traded down 0.02% to 33,622.97 while the NASDAQ fell 1.27% to 13,401.56. The S&P 500 also fell, dropping, 0.64% to 4,321.66.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 1% on Friday. The Dow traded down 0.05% to 33,615.27 while the NASDAQ fell 1.22% to 13,409.29. The S&P 500 also fell, dropping, 0.54% to 4,326.19.
Gainers Sigma Additive Solutions, Inc. (NASDAQSASI) shares jumped 196% to $7.34 after the company announced the signing of a definitive agreement for the acquisition of NextTrip Holdings, Inc.
U.S. stocks traded mostly higher, with the Dow Jones gaining more than 100 points on Friday. Here are some big stocks recording gains in today’s session.
