Berry Corp Q2 Adj EPS $0.15 Beats $0.01 Estimate, Sales $229.36M Beat $162.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berry Corp (NASDAQ:BRY) reported Q2 earnings of $0.15 per share, beating the analyst consensus estimate of $0.01 by 1400 percent. However, this is a 76.56 percent decrease from the same period last year. The company also reported quarterly sales of $229.36 million, beating the analyst consensus estimate of $162.10 million by 41.49 percent, but this is a 9.39 percent decrease from the same period last year.
August 04, 2023 | 10:57 am
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Berry Corp's Q2 earnings and sales exceeded estimates, but both are down compared to the same period last year. This mixed result could lead to uncertain market reactions.
Berry Corp's earnings and sales for Q2 exceeded analyst estimates, which is generally a positive signal for the stock. However, the fact that both earnings and sales are down compared to the same period last year could temper investor enthusiasm, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100