FREYR Battery Q4 Adj. EPS $(0.13) Beats $(0.25) Estimate, As Of December 31, 2023, Company Had Cash And Equivalents, And Restricted Cash Of $275.7M
Portfolio Pulse from Benzinga Newsdesk
FREYR Battery (FREY) reported a Q4 adjusted EPS of $(0.13), surpassing the $(0.25) estimate, marking a significant improvement from the previous year. As of December 31, 2023, the company's cash and equivalents, including restricted cash, stood at $275.7M.
February 29, 2024 | 11:10 am
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POSITIVE IMPACT
FREYR Battery reported a Q4 adjusted EPS of $(0.13), outperforming estimates and showing a significant year-over-year improvement. The company also reported a healthy cash position of $275.7M.
Beating EPS estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. The significant improvement from the previous year and a strong cash position further bolster the positive outlook for FREY.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100