Sunoco Q2 EPS $0.78 Misses $1.02 Estimate, Sales $5.52B Miss $5.81B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunoco (NYSE:SUN) reported Q2 earnings of $0.78 per share, missing the analyst consensus estimate of $1.02 by 23.53%. This is a 35% decrease from the same period last year. The company also reported quarterly sales of $5.52 billion, missing the analyst consensus estimate of $5.81 billion by 4.97%. This is a 29.35% decrease from the same period last year.
August 04, 2023 | 10:57 am
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Sunoco's Q2 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Sunoco's earnings and sales for Q2 have both missed estimates, which is typically a negative signal for investors. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100