By Dean Seal
Shares of Venture Global sank after the company's fourth-quarter results missed Wall Street views, extending the weeks-long decline they have weathered since their debut less than two months ago.
The stock dropped 29% to a new low of $10.15 in early trading. Shares started trading at $24.05 in January, down from a $25 initial public offering price.
The gas exporter reported before the bell that earnings for the fourth quarter were $871 million, or 33 cents a share, compared with a loss of $50 million, or 2 cents a share, in the year-earlier quarter.
Analysts polled by FactSet had been looking for earnings of 35 cents a share.
Revenue meanwhile declined 6.6% to $1.52 billion, below analyst forecasts for $1.61 billion, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
March 06, 2025 11:12 ET (16:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。