Stock Track | Grupo Aeroportuario del Centro Norte Plummets 5.02% Intraday After Q4 Earnings Miss Estimates

Stock Track02-24

Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) saw its stock price plummet 5.02% during intraday trading on Tuesday following the release of its fourth-quarter financial results.

The sharp decline came after the company reported quarterly earnings that fell short of analyst expectations on both earnings per share and revenue metrics.

According to earnings reports released before market open, OMAB's Q4 EPS of $1.40 missed the consensus estimate of $1.64 by 14.63%, while quarterly sales of $224.677 million fell 10.08% below the expected $249.870 million. In Mexican peso terms, the company reported earnings of 3.15 pesos per share compared to analyst expectations of 3.87 pesos, with revenue of 4.11 billion pesos versus the anticipated 4.45 billion pesos.

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