On Wednesday August 14, 2024, Borr Drilling Reported Q2 EPS $0.12 Misses $0.19 Estimate, Sales $271.90M Beat $250.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Borr Drilling (NYSE:BORR) reported Q2 earnings per share of $0.12, missing the analyst estimate of $0.19 by 36.84%. However, the company reported sales of $271.90 million, beating the estimate of $250.50 million by 8.54% and marking a 45.01% increase from the same period last year.
August 15, 2024 | 1:44 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Borr Drilling reported mixed Q2 results with EPS missing estimates but sales beating expectations and showing significant year-over-year growth.
The mixed results, with EPS missing but sales beating estimates and showing strong growth, may lead to a neutral short-term impact on BORR's stock price. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100