Cool Co Q4 Sales $97.14M Beat $92.82M Estimate; Net Income $22.415M, Down From $33.07M YoY
Portfolio Pulse from Benzinga Newsdesk
Cool Co (NYSE:CLCO) reported Q4 sales of $97.14M, surpassing the $92.82M estimate, marking a 7.63% increase from last year's $90.25M. However, net income fell to $22.415M from $33.07M YoY.
February 28, 2024 | 6:40 am
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Cool Co reported higher than expected Q4 sales but saw a decrease in net income compared to last year.
The increase in sales indicates strong demand and operational success, potentially positive for the stock. However, the decrease in net income could raise concerns about profitability and expenses, creating a neutral short-term outlook.
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