Reported Earlier, Novagold Resources Q2 EPS $(0.04) Misses $(0.02) Estimate, Cash Balance of $113M
Portfolio Pulse from Benzinga Newsdesk
Novagold Resources reported its Q2 earnings with an EPS of $(0.04), missing the estimate of $(0.02). The company has a cash balance of $113 million.
June 27, 2024 | 7:22 am
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NEGATIVE IMPACT
Novagold Resources reported a Q2 EPS of $(0.04), missing the $(0.02) estimate. The company has a cash balance of $113 million.
The earnings miss is likely to negatively impact the stock price in the short term. However, the substantial cash balance may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100