SFL Q2 Sales Misses Estimates, EPS Tops Street View
Portfolio Pulse from Lekha Gupta
SFL Corp Ltd reported Q2 FY23 revenue of $164.56 million, missing the consensus of $175.23 million. However, Q2 EPS of $0.13 beat the estimate of $0.07. The company declared a quarterly dividend per share of $0.24. SFL's Board of Directors authorized the repurchase of up to $100 million in common shares, with approximately $90 million remaining under the program. SFL shares are trading lower by 1.99% at $10.36.
August 17, 2023 | 1:44 pm
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SFL Corp's Q2 revenue missed estimates but EPS beat expectations. The company declared a dividend and continues its share repurchase program. However, SFL shares are trading lower.
SFL Corp's Q2 revenue missed estimates, which could negatively impact investor sentiment and put downward pressure on the stock. However, the EPS beat and the continuation of the share repurchase program could provide some support. The declared dividend could also be seen as a positive signal to investors. Despite these, the stock is currently trading lower, indicating that the market may be focusing more on the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100