Golar LNG Q3 Sales $67.25M Miss $73.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Golar LNG (NASDAQ:GLNG) reported Q3 sales of $67.25M, missing the consensus estimate of $73.81M by 8.88% and marking a 1.73% decrease from the same period last year.
November 21, 2023 | 11:34 am
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Golar LNG reported lower than expected Q3 sales, missing estimates by 8.88% and experiencing a slight decrease from the previous year.
Missing revenue estimates can lead to negative investor sentiment and potential short-term stock price decline. The miss was by a significant margin of 8.88%, and the year-over-year decrease, although slight, may also contribute to a bearish outlook.
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