Eldorado Gold Q2 EPS $0.09 Beats $0.08 Estimate, Sales $229.85M Miss $263.68M Estimate
Portfolio Pulse from mahesh@benzinga.com
Eldorado Gold (NYSE:EGO) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.08 by 12.5%. This is a 28.57% increase from the same period last year. However, the company's quarterly sales of $229.85 million missed the analyst consensus estimate of $263.68 million by 12.83%, though it's a 7.69% increase from last year.
July 27, 2023 | 9:10 pm
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Eldorado Gold's Q2 earnings beat estimates but sales missed. Earnings per share increased by 28.57% YoY, while sales increased by 7.69% YoY but fell short of estimates.
Eldorado Gold's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect could be neutral in the short term as investors weigh the positive earnings against the negative sales.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100