Subsea 7 Q1 2024 GAAP EPS $0.09 Beats $(0.03) Estimate, Sales $1.395B Miss $1.492B Estimate
Portfolio Pulse from Benzinga Newsdesk
Subsea 7 (OTC:SUBCY) reported Q1 2024 earnings of $0.09 per share, surpassing the $(0.03) estimate, but its sales of $1.395B fell short of the $1.492B estimate, marking an 11.96% increase from last year.

April 25, 2024 | 7:58 am
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Subsea 7 reported higher than expected Q1 2024 earnings per share but missed sales estimates, showing significant year-over-year growth.
Beating EPS estimates significantly while missing sales forecasts slightly suggests a mixed financial performance. The substantial year-over-year sales growth indicates strong underlying business dynamics, likely leading to a positive short-term sentiment among investors.
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