New Gold Q3 2024 Adj. EPS $0.08 Beats $0.04 Estimate, Sales $252.000M Miss $254.320M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Gold (AMEX:NGD) reported Q3 2024 earnings of $0.08 per share, beating estimates by 100%, and a 166.67% increase from last year. However, sales of $252M missed estimates by 0.91%, though they increased by 25.19% from the previous year.
October 29, 2024 | 9:19 pm
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POSITIVE IMPACT
New Gold's Q3 2024 earnings per share of $0.08 exceeded expectations, showing significant growth from the previous year. However, sales slightly missed estimates, despite a notable year-over-year increase.
The significant beat on EPS suggests strong profitability, which is positive for the stock. The slight miss on sales is less concerning given the substantial year-over-year growth, indicating overall positive performance.
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IMPORTANCE 80
RELEVANCE 100