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NEL ASA: Surprising numbers in the first quarter
Find out the latest numbers from NEL ASA: sales increase and reduced loss in the first quarter of 2024. NEL shares fall by 9.53%. Find out more now!
NEL ASA: Surprising numbers in the first quarter
Norwegian hydrogen giant NEL ASA recently published its financial figures for the first quarter of 2024. During the period mentioned, NEL recorded earnings per share of NOK 0.01. In comparison, analysts had expected a loss of NOK 0.079 per share, while NEL reported negative EPS of -NOK 0.12 in the same period last year.
Quarterly sales were NOK 387 million, which was well below expert estimates, which averaged NOK 521 million. In the first quarter of the previous year, NEL had sales of NOK 341 million. This means an improvement in sales compared to the same period last year.
On Nasdaq Nordic, NEL shares lost 9.53 percent by the close of trading, closing at NOK 4.65. This development reflects investor reaction to the company's reported financial results and revenue forecasts. It remains to be seen how the price will perform in the coming days as investors closely monitor the latest developments.