Cool Co Q1 Sales $88.125 Miss $86.500M Estimate, Net Income $36.812M Down From $70.132M YoY
Portfolio Pulse from Benzinga Newsdesk
Cool Co (NYSE:CLCO) reported Q1 sales of $88.125 million, missing the analyst consensus estimate of $86.500 million. Net income was $36.812 million, down from $70.132 million YoY.
May 22, 2024 | 5:11 am
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Cool Co reported Q1 sales of $88.125 million, missing the analyst consensus estimate of $86.500 million. Net income decreased to $36.812 million from $70.132 million YoY.
The company's Q1 sales missed analyst estimates and net income significantly decreased year-over-year, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100