By Ben GlickmanShares of New Fortress Energy rose Wednesday after the company issued long-term guidance and third-quarter profit surpassed estimates. The company set the goal for a profit of $2.50 to $3.50 a share in 2023 and $6.50 to $7.50 a share in 2024. Analysts polled by FactSet are expecting $2.53 a share and $4.63 a share, respectively. New Fortress posted a profit of $61.2 million, or 30 cents a share, compared with $61.8 million, or 29 cents a share, a year earlier. Analysts polled by FactSet expected a per-share profit of 19 cents.

Source: Wall Street Journal November 09, 2023 05:20 UTC