The Oslo-listed company forecast quarterly revenue of around $113 million, which is up 17% on an analyst consensus estimate of $96 million and relatively flat compared with the $114 million earned in the second quarter, though still down from $169 million a year earlier.
As a result, the consensus estimate for full-year operating profit is expected to double from $10 million to $20 million, Swedbank analyst Teodor Sveen Nilsen stated in a note, though adding the increase is from “a very low level”.
He
