Equinor shares are trading lower after the company reported below-consensus fourth-quarter results and cut its overall cash returns to shareholders for this year.
Portfolio Pulse from Benzinga Newsdesk
Equinor's shares dropped following the announcement of fourth-quarter results that fell short of expectations and a reduction in cash returns to shareholders for the current year.
February 07, 2024 | 11:57 am
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Equinor's shares declined after reporting disappointing fourth-quarter earnings and reducing cash returns to shareholders.
The announcement of lower-than-expected quarterly results typically leads to a negative short-term reaction in a company's stock price. Additionally, the reduction in cash returns to shareholders, such as dividends or share buybacks, can further dampen investor sentiment and impact the stock negatively in the short term.
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