CORRECTION: Sunoco Q2 EPS $0.78 Misses $1.26 Estimate, Sales $5.75B Beat $5.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunoco's Q2 earnings per share (EPS) of $0.78 missed the estimate of $1.26. However, the company's sales of $5.75 billion beat the estimate of $5.71 billion.
August 04, 2023 | 11:00 am
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NEGATIVE IMPACT
Sunoco's lower than expected Q2 EPS may negatively impact its stock price, while higher sales could provide some offset.
Earnings reports are a major factor in a company's stock price. Sunoco's lower than expected EPS indicates lower profitability, which could negatively impact its stock price. However, the higher sales could provide some offset, indicating strong demand for its products.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100