Orla Mining Q1 2024 Adj EPS $0.05 Beats $0.04 Estimate, Sales $67.30M Beat $63.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orla Mining reported Q1 2024 adjusted earnings of $0.05 per share, surpassing the $0.04 estimate, with sales of $67.30M also beating the $63.38M estimate. This represents a 25% increase in earnings and a 31.62% increase in sales from the same period last year.
May 14, 2024 | 9:53 pm
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Orla Mining's Q1 2024 earnings and sales exceeded estimates, indicating strong financial performance and growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year growth in both earnings and sales further strengthens the case for a positive impact on ORLA's stock price in the short term.
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