World Kinect Q2 EPS $0.48 Beats $0.47 Estimate, Sales $10.98B Miss $13.20B Estimate
Portfolio Pulse from Bill Haddad
World Kinect (NYSE:WKC) reported Q2 earnings of $0.48 per share, beating the analyst consensus estimate of $0.47 by 2.13%. This is a 17.07% increase from the same period last year. However, the company's quarterly sales of $10.98 billion missed the analyst consensus estimate of $13.20 billion by 16.81%, marking a 35.87% decrease from the same period last year.
July 27, 2023 | 8:29 pm
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World Kinect's Q2 earnings beat estimates but sales fell short, marking a significant decrease from last year.
World Kinect's earnings beat estimates, which is a positive signal. However, the significant miss on sales, which is a key performance indicator, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100