Golar LNG Q1 Sales $64.959M Miss $79.190M Estimate, Company Exits Quarter With Cash And Equivalents Worth $548M
Portfolio Pulse from Benzinga Newsdesk
Golar LNG (NASDAQ:GLNG) reported Q1 sales of $64.959 million, missing the analyst consensus estimate of $79.190 million by 17.97%. This represents a 12.18% decrease from the same period last year. The company exits the quarter with cash and equivalents worth $548 million.
May 28, 2024 | 11:06 am
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Golar LNG reported Q1 sales of $64.959 million, missing the analyst consensus estimate by 17.97%. This is a 12.18% decrease from the same period last year. The company exits the quarter with $548 million in cash and equivalents.
The significant miss on sales estimates and the year-over-year decrease in sales are likely to negatively impact investor sentiment in the short term. However, the substantial cash and equivalents position may provide some cushion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100