New Fortress Energy Q2 Adj. EPS $0.58 Beats $0.56 Estimate, Sales $561.35M Miss $575.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Fortress Energy (NASDAQ:NFE) reported Q2 adjusted earnings of $0.58 per share, beating the analyst consensus estimate of $0.56 by 3.57%. However, this is a 15.94% decrease from the same period last year. The company's quarterly sales of $561.35 million missed the analyst consensus estimate of $575.62 million by 2.48%, marking a 4.02% decrease from the same period last year.
August 08, 2023 | 11:22 am
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New Fortress Energy's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
While New Fortress Energy beat earnings estimates, the YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
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