Eldorado Gold Q1 2024 Adj EPS $0.27 Beats $0.17 Estimate, Sales $257.967M Miss $280.480M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eldorado Gold (NYSE:EGO) reported Q1 2024 adjusted EPS of $0.27, surpassing the $0.17 estimate, marking a 200% increase from the previous year. However, their sales of $257.967M fell short of the $280.480M estimate, despite being a 13.24% increase from last year.
April 25, 2024 | 9:10 pm
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Eldorado Gold's Q1 2024 earnings exceeded expectations with an EPS of $0.27, a significant increase from last year, but sales missed estimates.
The substantial beat on EPS expectations and the significant year-over-year growth in earnings are likely to be viewed positively by investors, potentially leading to a short-term uptick in EGO's stock price. However, the miss on sales estimates could temper some of the enthusiasm, making the overall impact on the stock price positive but with some caution.
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