Norsk Hydro Q4 Adj. EPS $0.05 Misses $0.06 Estimate, Sales $4.60B Beat $3.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norsk Hydro (OTC:NHYDY) reported Q4 adjusted EPS of $0.05, missing the $0.06 estimate, a 51% decrease from last year. Sales were $4.60B, beating the $3.66B estimate, a 6.29% increase from last year.
February 14, 2024 | 6:50 am
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Norsk Hydro reported a Q4 adjusted EPS of $0.05, missing estimates, with a 51% decrease from last year. However, sales of $4.60B exceeded estimates, showing a 6.29% increase from last year.
The missed EPS estimate and significant decrease from the previous year's earnings could negatively impact investor sentiment towards NHYDY. However, the substantial beat on sales estimates and year-over-year growth might offset some of the negative impact. The mixed results lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100