Mowi Q2 Adj. EPS $0.32 Misses $0.42 Estimate, Sales $1.44B Miss $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mowi reported Q2 earnings of $0.32 per share, missing the $0.42 estimate, and sales of $1.44 billion, below the $1.62 billion estimate. Both figures represent declines from the previous year.
August 21, 2024 | 7:14 am
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NEGATIVE IMPACT
Mowi's Q2 earnings and sales both missed analyst estimates, with EPS at $0.32 and sales at $1.44 billion. This represents a decline from the previous year, potentially impacting investor sentiment negatively.
Mowi's reported earnings per share and sales figures both fell short of analyst expectations, which is typically viewed negatively by investors. The year-over-year decline in both metrics further exacerbates the situation, likely leading to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100