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@ Yahoo! Finance - by layer3.news
2025-05-18 00:55:26
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✍️ New Fortress Energy's Q1 earnings missed targets, resulting in a 62.7% stock price drop. The company sold assets worth $1 billion to pay down debt, but its credit rating is not investment grade.
👉 New Fortress Energy reported a Q1 2025 loss of $0.73 per share, much worse than analysts expected
👉 The company sold assets worth $1 billion to pay down debt
👉 The company's credit rating is not investment grade, making it difficult to secure long-term contracts
👉 The company's stock plummeted 62.7% as a result of the earnings report
#JohnnyRice #Jamaica #MontegoBay #business
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