Norsk Hydro Q1 2024 Adj. EPS $0.09, Inline, Sales $4.522B Miss $4.829B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norsk Hydro (OTC:NHYDY) reported Q1 2024 earnings of $0.09 per share, meeting analyst estimates but marking a 48.24% decrease from the previous year. Sales were $4.522B, missing the $4.829B estimate and showing a 4.76% year-over-year decline.

April 24, 2024 | 5:21 am
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Norsk Hydro reported Q1 2024 earnings in line with estimates but saw a significant decrease in EPS and sales from the previous year.
The reported earnings and sales miss, especially the significant year-over-year decrease in EPS, are likely to negatively impact investor sentiment towards NHYDY in the short term. The alignment with analyst EPS estimates may provide some stability, but the sales miss and the substantial decrease in earnings compared to the previous year highlight potential challenges for the company, likely leading to a negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100