Stock Track | SFL Corp. Plummets 5% as Q4 Earnings Miss Estimates

Stock Track02-13

SFL Corp. (SFL) saw its stock plummet 5% intraday on Wednesday, in what appeared to be a reaction to the shipping company's lackluster fourth quarter earnings results.

For the quarter ended December 31, 2024, SFL reported net income of $20.2 million or $0.15 per share, falling short of analysts' consensus estimate of $23.6 million. The company's adjusted EBITDA of $124 million also missed expectations of $130.9 million.

Despite the earnings miss, SFL highlighted several positive operational developments during the period. This included the issuance of a new $150 million bond, the agreed sale of an older container vessel, SFL's customer Golden Ocean exercising purchase options on 8 capesize bulkers, and SFL receiving $48 million in compensation from Seadrill.

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Plummets 5% as Q4 Earnings Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-13 01:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SFL Corp. (SFL) saw its stock plummet 5% intraday on Wednesday, in what appeared to be a reaction to the shipping company's lackluster fourth quarter earnings results.</p>\n\n<p>For the quarter ended December 31, 2024, SFL reported net income of $20.2 million or $0.15 per share, falling short of analysts' consensus estimate of $23.6 million. 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