Chevron Q2 Adj. EPS $3.08 Beats $2.97 Estimate, Sales $48.90B Beat $48.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chevron (NYSE:CVX) reported Q2 earnings of $3.08 per share, missing the analyst consensus estimate of $3.28 by 6.1%. This is a 47.08% decrease from the same period last year. The company's quarterly sales of $48.90 billion beat the analyst consensus estimate of $48.80 billion by 0.20%, but this is a 28.89% decrease from the same period last year.
July 28, 2023 | 10:16 am
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Chevron's Q2 earnings missed estimates and decreased significantly YoY, while sales beat estimates but also decreased YoY.
Chevron's earnings miss and significant YoY decrease, along with the decrease in sales despite beating estimates, could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
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