FirstEnergy Q2 EPS $0.47 Beats $0.46 Estimate, Sales $3.00B Beat $2.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
FirstEnergy reported Q2 earnings of $0.47 per share, beating the analyst consensus estimate of $0.46 by 2.17%. This is a decrease of 11.32% from the same period last year. The company also reported quarterly sales of $3.00 billion, beating the analyst consensus estimate of $2.89 billion by 3.70%. This is an increase of 6.46% from the same period last year.
August 04, 2023 | 10:25 am
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POSITIVE IMPACT
FirstEnergy's Q2 earnings and sales beat estimates, but earnings per share decreased by 11.32% YoY. Sales increased by 6.46% YoY.
FirstEnergy's Q2 earnings and sales beat analyst estimates, which is generally a positive signal for the stock. However, the decrease in earnings per share compared to the same period last year might be a concern for some investors. The increase in sales YoY is a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100