Recap: Borr Drilling Q1 Earnings
Portfolio Pulse from Benzinga Insights
Borr Drilling (NYSE:BORR) reported Q1 earnings with an EPS of $-0.03, missing estimates by 400.0%. Revenue increased by $90 million compared to the same period last year.
May 23, 2023 | 1:17 pm
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Borr Drilling's Q1 earnings missed estimates by 400.0%, reporting an EPS of $-0.03. Revenue increased by $90 million YoY.
Borr Drilling's Q1 earnings significantly missed estimates, which could negatively impact the stock price in the short term. The company's past earnings miss was followed by a 6.43% drop in the share price the next day, indicating a potential similar reaction this time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100