CNX Resources Q2 Adj. EPS $0.30 Misses $0.31 Estimate, Adj. Sales $337.00M Miss $407.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNX Resources reported Q2 earnings of $0.29 per share, missing the analyst consensus estimate of $0.31 by 4.84%. This is a 51.64% decrease from the same period last year. The company also reported quarterly sales of $337.00 million, missing the analyst consensus estimate of $407.31 million by 17.26%. This is a 28.75% decrease from the same period last year.
July 27, 2023 | 10:56 am
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NEGATIVE IMPACT
CNX Resources reported lower than expected Q2 earnings and sales, with a significant decrease from the same period last year.
CNX Resources reported lower than expected earnings and sales for Q2, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100