SFL Corp Q2 EPS $0.13 Beats $0.07 Estimate, Sales $164.56M Miss $175.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
SFL Corp reported Q2 earnings of $0.13 per share, beating the analyst consensus estimate of $0.07 by 85.71%. However, this is a 71.11% decrease from the same period last year. The company's quarterly sales were $164.56 million, missing the analyst consensus estimate of $175.23 million by 6.09%, but this is a 7.35% increase from the same period last year.
August 17, 2023 | 10:38 am
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SFL Corp's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates but showed a YoY increase.
SFL Corp's Q2 earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor. Overall, the impact on the stock is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100