Cool Co Q2 Sales $90.32M Beat $89.03M Estimate, Net Income $44.6M
Portfolio Pulse from Benzinga Newsdesk
Cool Co (NYSE:CLCO) reported Q2 sales of $90.32 million, beating the analyst consensus estimate of $89.03 million by 1.45 percent. The company also reported a net income of $44.6 million.
August 31, 2023 | 6:51 am
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POSITIVE IMPACT
Cool Co's Q2 sales exceeded analyst estimates, which could positively impact investor sentiment.
Beating sales estimates typically leads to a positive reaction in the stock market as it indicates the company is performing better than expected. This could lead to increased investor confidence in the company, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100