Global Ship Lease Q1 2024 Adj EPS $2.53 Beats $2.27 Estimate, Sales $179.561M Beat $168.061M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Ship Lease (NYSE:GSL) reported strong Q1 2024 earnings, with an adjusted EPS of $2.53 beating the $2.27 estimate and sales of $179.561 million surpassing the $168.061 million estimate. This represents significant year-over-year growth in both earnings and sales.
May 16, 2024 | 12:02 pm
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Global Ship Lease (NYSE:GSL) reported Q1 2024 earnings of $2.53 per share, beating the $2.27 estimate by 11.45%. Sales were $179.561 million, surpassing the $168.061 million estimate by 6.84%. Both earnings and sales showed significant year-over-year growth.
The company's strong performance in Q1 2024, with both earnings and sales significantly beating analyst estimates and showing substantial year-over-year growth, is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100