Mowi Q1 EPS $0.23 Misses $0.25 Estimate, Sales $1.45B Beat $1.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mowi (OTC:MHGVY) reported Q1 earnings of $0.23 per share, missing the $0.25 estimate, a 34.29% decrease from last year. Sales were $1.45B, beating the $1.27B estimate but slightly down from last year's $1.46B.
May 08, 2024 | 8:52 am
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NEGATIVE IMPACT
Mowi's Q1 earnings missed estimates with a decrease in earnings per share and a slight decrease in sales compared to last year.
Missing the earnings estimate and reporting a significant decrease in earnings per share year-over-year are likely to negatively impact investor sentiment towards MHGVY in the short term. Although sales exceeded estimates, the slight year-over-year decrease may also contribute to a cautious outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100