Nordic American Tankers Q2 2024 GAAP EPS $0.10 Beats $0.08 Estimate, Sales $66.099M Beat $61.060M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nordic American Tankers (NYSE:NAT) reported Q2 2024 earnings of $0.10 per share, beating estimates by 25%, and sales of $66.099M, surpassing expectations by 8.25%. However, both earnings and sales decreased compared to the same period last year.
August 29, 2024 | 12:03 pm
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Nordic American Tankers reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.10 beating estimates by 25% and sales of $66.099M exceeding expectations by 8.25%. Despite this, both metrics showed a decline compared to the previous year.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on NAT's stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100