Cool Co Q2 Sales $83.372M Beat $83.333M Estimate, Net Income $26.478M Down From $44.646M YoY
Portfolio Pulse from Benzinga Newsdesk
Cool Co (NYSE:CLCO) reported Q2 sales of $83.372 million, slightly beating the estimate of $83.333 million. However, sales decreased by 7.69% compared to last year, and net income dropped to $26.478 million from $44.646 million year-over-year.
August 29, 2024 | 5:24 am
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NEUTRAL IMPACT
Cool Co's Q2 sales slightly exceeded expectations, but both sales and net income have decreased compared to the previous year. This mixed performance may lead to cautious investor sentiment.
The slight beat in sales estimates is positive, but the year-over-year decline in both sales and net income is concerning. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh the positives against the negatives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100