DoD tests AI models that make it easy to switch from vendors like Palantir
Investing.com -- Shares of MOL Group (BUD:MOL) fell by 1% following the release of its fourth-quarter results, which showed Clean CCS EBITDA at $682 million, a 20% decrease YoY and slightly below the consensus.
The company’s full-year Clean CCS EBITDA was marginally above its $3 billion guidance, totaling $3.07 billion. However, MOL Group’s net profit for the fourth quarter was a loss of $18 million, compared to the expected $174 million, affected by the CCS effect and foreign exchange fluctuations in the financial line.
Despite the fourth-quarter earnings miss, MOL Group has provided guidance for 2024, aiming for $3 billion in Clean CCS EBITDA, with consensus estimates at $2.7 billion and Citi projecting $3.2 billion.
Citi analysts commented on the guidance, stating, "will force market to deliver some earnings upgrades."
The Hungarian oil and gas company’s latest earnings report indicated challenges in the last quarter of 2024, with its Clean CCS EBITDA falling short of market expectations by 2%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.