Borr Drilling Q1 2024 GAAP EPS $0.06 Misses $0.14 Estimate, Sales $234.000M Beat $230.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Borr Drilling (NYSE:BORR) reported Q1 2024 earnings per share (EPS) of $0.06, missing the analyst estimate of $0.14. However, the company reported sales of $234 million, beating the estimate of $230 million. This represents a significant improvement from the same period last year.
May 23, 2024 | 11:51 am
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Borr Drilling's Q1 2024 EPS of $0.06 missed the analyst estimate of $0.14, but sales of $234 million beat the estimate of $230 million. This indicates mixed results with a significant improvement in sales but a notable miss in earnings.
The mixed results, with a significant miss in EPS but a beat in sales, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100