Golar LNG Q4 Sales $79.68M Beat $79.18M Estimate, Company Exits Quarter With Cash And Equivalents Worth $679.23M
Portfolio Pulse from Benzinga Newsdesk
Golar LNG (NASDAQ:GLNG) reported Q4 sales of $79.68M, surpassing the $79.18M estimate, marking a 34.73% increase from last year's $59.14M. The company concluded the quarter with $679.23M in cash and equivalents.
February 29, 2024 | 10:50 am
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Golar LNG reported Q4 sales of $79.68M, exceeding estimates and showing significant year-over-year growth, with a strong cash position of $679.23M.
Beating sales estimates and showing a significant year-over-year growth indicates a positive performance and financial health of the company. The strong cash position further supports the company's stability and potential for future investments or operations, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100