Recap: Novagold Resources Q2 Earnings
Portfolio Pulse from Benzinga Insights
Novagold Resources (AMEX:NG) reported its Q2 earnings, missing estimated earnings by 100.0% with an EPS of $-0.04 versus an estimate of $-0.02. Revenue was down $0 from the same period last year. Last quarter, the company also missed on EPS which was followed by a 7.94% drop in the share price the next day.
June 27, 2023 | 9:45 pm
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NEGATIVE IMPACT
Novagold Resources missed Q2 earnings estimates by 100.0%, which could negatively impact the stock price. Last quarter's miss led to a 7.94% drop in share price.
Novagold Resources reported a significant miss in its Q2 earnings, which is likely to negatively impact investor sentiment and potentially lead to a drop in the stock price. This is based on the historical reaction to the company's earnings miss last quarter, which led to a 7.94% drop in the share price the next day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100