Norsk Hydro Q2 EPS $0.17 Beats $0.14 Estimate, Sales $5.01B Beat $4.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norsk Hydro reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.14 by 17.86%. However, this is a 57.69% decrease from the same period last year. The company also reported quarterly sales of $5.01 billion, beating the analyst consensus estimate of $4.33 billion by 15.70%, but this is a 27.40% decrease from the same period last year.
July 21, 2023 | 7:02 am
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NEUTRAL IMPACT
Norsk Hydro's Q2 earnings and sales beat estimates but are significantly lower than the same period last year.
While Norsk Hydro beat analyst estimates for Q2 earnings and sales, the significant year-on-year decreases could potentially offset any positive impact from beating estimates. This could result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100