Flex LNG Q2 2024 Adj. EPS $0.56 Beats $0.50 Estimate, Sales $84.700M Miss $86.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex LNG (NYSE:FLNG) reported Q2 2024 adjusted EPS of $0.56, beating the estimate of $0.50, but sales of $84.7M missed the $86M estimate. EPS increased by 7.69% YoY, while sales decreased by 2.34% YoY.
August 14, 2024 | 5:40 am
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Flex LNG reported Q2 2024 EPS of $0.56, beating estimates by 12%, but sales of $84.7M missed expectations by 1.51%. EPS increased by 7.69% YoY, while sales decreased by 2.34% YoY.
The positive EPS surprise and YoY growth are likely to have a positive short-term impact on the stock price, despite the slight miss in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100