Borr Drilling Q1 EPS $(0.03) Misses $0.01 Estimate, Sales $172.00M Miss $177.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Borr Drilling reported Q1 losses of $(0.03) per share, missing the analyst consensus estimate of $0.01 by 400%. Quarterly sales were $172M, missing the estimate of $177M by 2.82%. However, this is a 109.76% increase over sales from the same period last year.
May 23, 2023 | 1:26 pm
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Borr Drilling's Q1 earnings missed estimates with losses of $(0.03) per share and sales of $172M, missing the $177M estimate. Sales increased 109.76% YoY.
Borr Drilling's Q1 earnings missed analyst estimates, with losses of $(0.03) per share and sales of $172M, missing the $177M estimate. This negative performance may lead to a short-term decrease in stock price. However, the 109.76% YoY increase in sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100