SFL Corporation reported lower-than-expected Q3 earnings, causing its stock to drop.

SFL Corporation reported Q3 earnings of $0.34 per share on $255.30 million in revenue, a 24.6% increase from last year but missing analyst estimates by $0.03. The company's stock fell $0.26 to $10.30. SFL, which operates in maritime and offshore industries, also declared a quarterly dividend of $0.27, with a yield of 10.49%. Analysts have recently upgraded the stock from "hold" to "buy."

November 09, 2024
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