BP Q2 EPS $0.89 Misses $1.21 Estimate, Sales $48.54B Miss $54.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
BP reported Q2 earnings of $0.89 per share, missing the analyst consensus estimate of $1.21 by 26.45%. This is a 65.9% decrease from the same period last year. The company also reported quarterly sales of $48.54 billion, missing the analyst consensus estimate of $54.48 billion by 10.90%. This is a 28.48% decrease from the same period last year.
August 01, 2023 | 6:16 am
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BP's Q2 earnings and sales fell short of analyst estimates, with significant decreases from the same period last year.
BP's Q2 earnings and sales missed analyst estimates by significant margins, and also showed substantial decreases from the same period last year. This could negatively impact investor sentiment and put downward pressure on the stock in the short term.
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