New Gold Q1 2024 Adj EPS $0.02 Beats undefined Estimate, Sales $192.100M Beat $190.920M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Gold (AMEX:NGD) reported Q1 2024 adjusted EPS of $0.02, surpassing the undefined analyst consensus estimate. Sales reached $192.1M, slightly above the $190.92M estimate but marked a 4.71% decrease from the previous year.
April 30, 2024 | 9:27 pm
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New Gold reported a Q1 2024 adjusted EPS of $0.02, beating the undefined estimate, with sales of $192.1M, also above expectations.
Beating both EPS and sales estimates typically has a positive impact on stock prices in the short term. However, the year-over-year decrease in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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