Equitrans Midstream Q2 EPS $0.12 Beats $0.08 Estimate, Sales $318.47M Miss $325.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equitrans Midstream (ETRN) reported Q2 earnings of $0.12 per share, beating the analyst consensus estimate of $0.08 by 50%. However, the company's quarterly sales of $318.47 million missed the analyst consensus estimate of $325.07 million by 2.03%. This represents a 9.09% increase in earnings and a 3.09% decrease in sales compared to the same period last year.
August 01, 2023 | 10:36 am
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Equitrans Midstream's Q2 earnings beat estimates, but sales missed expectations. This mixed result could lead to uncertainty in the market.
Equitrans Midstream's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed expectations, which could be a cause for concern. This mixed result could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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IMPORTANCE 80
RELEVANCE 100