Murphy USA Q2 EPS $6.02 Beats $5.94 Estimate, Sales $5.59B Miss $5.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Murphy USA reported Q2 earnings of $6.02 per share, beating the analyst consensus estimate of $5.94 by 1.35%. However, this is a 20.05% decrease from the same period last year. The company's quarterly sales of $5.59 billion missed the analyst consensus estimate of $5.64 billion by 0.97%, marking a 17.46% decrease from the same period last year.
August 04, 2023 | 12:16 pm
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NEUTRAL IMPACT
Murphy USA's Q2 earnings beat estimates but sales missed, and both earnings and sales decreased from the same period last year.
While Murphy USA beat earnings estimates, the miss on sales and the decrease in both earnings and sales from the same period last year could have a mixed impact on the stock. Investors may be pleased with the earnings beat, but concerned about the sales miss and the year-over-year decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100