trending Market Intelligence /marketintelligence/en/news-insights/trending/Ebf2jfgBH9Rso6lqaLZbdg2 content esgSubNav
In This List

Austevoll Seafood profit misses consensus by 73.8% in Q3

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Austevoll Seafood profit misses consensus by 73.8% in Q3

Austevoll Seafood ASA said its third-quarter normalized net income came to 44 Norwegian øre per share, compared with the S&P Capital IQ consensus estimate of 1.69 kroner per share.

EPS fell 20.4% year over year from 56 øre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 89.5 million kroner, a decrease of 20.1% from 112.0 million kroner in the year-earlier period.

The normalized profit margin fell to 1.9% from 3.0% in the year-earlier period.

Total revenue grew 21.6% on an annual basis to 4.61 billion kroner from 3.79 billion kroner, and total operating expenses climbed 21.7% on an annual basis to 4.21 billion kroner from 3.46 billion kroner.

Reported net income fell 5.4% on an annual basis to 166.0 million kroner, or 82 øre per share, from 175.4 million kroner, or 87 øre per share.

As of Nov. 10, US$1 was equivalent to 8.38 Norwegian kroner.