Civitas Resources Q2 Sales $660.53M Beat $640.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civitas Resources (NYSE:CIVI) reported Q2 sales of $660.53 million, beating the analyst consensus estimate of $640.84 million by 3.07 percent. However, this represents a 42.61 percent decrease compared to the same period last year.
August 04, 2023 | 12:15 pm
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Civitas Resources' Q2 sales exceeded estimates but are significantly lower than last year's figures.
While Civitas Resources beat the Q2 sales estimates, the significant YoY decrease could be a concern for investors. This mixed result makes the short-term impact on the stock price uncertain.
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IMPORTANCE 80
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