New Fortress Energy Q1 2024 Adj. EPS $0.67, Inline, Sales $690.321M Beat $638.481M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Fortress Energy (NFE) reported Q1 2024 earnings of $0.67 per share, meeting analyst estimates, with sales of $690.321M, exceeding expectations by 8.12% and marking a 19.20% increase from the previous year.
May 08, 2024 | 11:04 am
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New Fortress Energy reported Q1 2024 earnings per share of $0.67, aligning with analyst predictions, and sales of $690.321M, surpassing estimates by 8.12% and showing a 19.20% year-over-year growth.
Meeting earnings estimates while significantly beating revenue forecasts suggests a strong operational performance, likely leading to positive investor sentiment in the short term. The substantial year-over-year revenue growth further underscores the company's expanding business and operational efficiency, which could positively influence the stock price.
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