Northwest Natural Hldg Q2 EPS $(0.07) Beats $(0.12) Estimate, Sales $211.71M Miss $231.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northwest Natural Hldg (NYSE:NWN) reported Q2 EPS of $(0.07), beating the $(0.12) estimate but showing a significant decrease from last year's $0.03. Sales were $211.71M, missing the $231.99M estimate and down from $237.86M last year.
August 02, 2024 | 10:04 am
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Northwest Natural Hldg (NYSE:NWN) reported Q2 EPS of $(0.07), beating the $(0.12) estimate but showing a significant decrease from last year's $0.03. Sales were $211.71M, missing the $231.99M estimate and down from $237.86M last year.
While NWN's EPS beat expectations, the significant year-over-year decrease and the miss on sales estimates may neutralize the positive impact of the EPS beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100