TotalEnergies Q2 Adj. EPS $1.99 Misses $2.22 Estimate, Sales $56.27B Beat $53.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies (NYSE:TTE) reported Q2 adjusted earnings of $1.99 per share, missing the analyst consensus estimate of $2.22 by 10.36%. This is a 46.93% decrease from the same period last year. However, the company's quarterly sales of $56.27 billion beat the analyst consensus estimate of $53.05 billion by 6.07%, despite a 24.75% decrease from the same period last year.
July 27, 2023 | 7:38 am
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NEGATIVE IMPACT
TotalEnergies' Q2 earnings missed estimates and decreased significantly YoY, while sales beat estimates but also decreased YoY.
TotalEnergies' Q2 earnings missed the analyst consensus estimate and decreased significantly from the same period last year, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates, which could partially offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100