CVR Energy Q2 EPS $1.64 Beats $1.21 Estimate, Sales $2.24B Miss $2.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
CVR Energy (NYSE:CVI) reported Q2 earnings of $1.64 per share, beating the analyst consensus estimate of $1.21 by 35.54%. However, this is a 33.06% decrease from the same period last year. The company's quarterly sales of $2.24 billion missed the analyst consensus estimate of $2.25 billion by 0.62%, marking a 28.88% decrease from the same period last year.
July 31, 2023 | 9:41 pm
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CVR Energy's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
CVR Energy's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price.
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