Norsk Hydro Q2 EPS $0.09 Beats $0.07 Estimate, Sales $4.78B Beat $4.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norsk Hydro (OTC:NHYDY) reported Q2 earnings per share of $0.09, beating the $0.07 estimate, and sales of $4.78 billion, surpassing the $4.74 billion estimate. Despite the beats, both EPS and sales were down compared to the same period last year.
July 23, 2024 | 5:19 am
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Norsk Hydro reported Q2 EPS of $0.09, beating the $0.07 estimate, and sales of $4.78 billion, surpassing the $4.74 billion estimate. Despite these beats, both EPS and sales were down compared to the same period last year.
The positive earnings and sales beats are likely to have a short-term positive impact on the stock price. However, the year-over-year declines in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100