Golden Ocean Group Q2 EPS $0.17 Beats $0.12 Estimate, Sales $213.38M Beat $148.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Golden Ocean Group (NASDAQ:GOGL) reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.12 by 41.67%. However, this is a 79.01% decrease from the same period last year. The company also reported quarterly sales of $213.38 million, beating the analyst consensus estimate of $148.97 million by 43.24%, but this is a 32.62% decrease from the same period last year.
August 29, 2023 | 6:53 am
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Golden Ocean Group's Q2 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year.
While Golden Ocean Group beat analyst estimates for Q2 earnings and sales, the significant year-over-year decreases in both metrics could potentially offset any positive impact from beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100