APA Q2 Adj EPS $0.85 Beats $0.66 Estimate, Sales $1.96B Beat $1.82B Estimate
Portfolio Pulse from Benzinga Newsdesk
APA Corporation reported Q2 adjusted earnings of $0.85 per share, beating the analyst consensus estimate of $0.66 by 28.79%. The company's quarterly sales were $1.96 billion, surpassing the analyst consensus estimate of $1.82 billion by 7.75%. However, both earnings and sales have decreased compared to the same period last year.
August 04, 2023 | 12:16 pm
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NEUTRAL IMPACT
APA Corporation's Q2 earnings and sales beat estimates, but showed a decrease compared to last year.
While APA Corporation beat earnings and sales estimates, which is generally positive news, the decrease compared to last year's figures may cause some concern among investors. This mixed result could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100