Gran Tierra Energy Q2 EPS $(0.33) Down From $1.40 YoY, Sales $157.90M Down From $205.78M YoY
Portfolio Pulse from mahesh@benzinga.com
Gran Tierra Energy (AMEX:GTE) reported Q2 losses of $(0.33) per share, a 123.57% decrease YoY. Sales also decreased by 23.27% to $157.90M compared to $205.78M in the same period last year.
August 04, 2023 | 10:36 am
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NEGATIVE IMPACT
Gran Tierra Energy reported a significant decrease in Q2 earnings and sales YoY. This could negatively impact the company's stock price in the short term.
Gran Tierra Energy's Q2 earnings and sales have significantly decreased compared to the same period last year. This indicates a potential financial instability which could lead to a decrease in investor confidence and a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100