Norsk Hydro Q3 2024 Adj. EPS $0.14, Inline, Sales $4.770B Miss $5.164B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norsk Hydro reported Q3 2024 earnings per share of $0.14, meeting analyst expectations. However, the company's sales of $4.770 billion fell short of the $5.164 billion estimate, despite a 11.97% increase from the previous year.
October 24, 2024 | 5:35 am
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Norsk Hydro's Q3 2024 earnings per share met expectations, but sales missed estimates, which could lead to short-term stock pressure.
While Norsk Hydro's EPS met expectations, the significant sales miss against estimates could lead to negative sentiment among investors, potentially causing short-term downward pressure on the stock price.
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