Canadian Natural Res Q2 Adj EPS $0.85 Misses $0.88 Estimate, Sales $5.87B Beat $5.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Natural Res (NYSE:CNQ) reported Q2 earnings of $0.85 per share, missing the analyst consensus estimate of $0.88 by 3.52%. This is a 66.71% decrease from the same period last year. The company's quarterly sales of $5.87 billion beat the analyst consensus estimate of $5.44 billion by 7.97%, but this is a 34.68% decrease from the same period last year.
August 04, 2023 | 12:40 pm
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Canadian Natural Res's Q2 earnings missed estimates and decreased significantly YoY, while sales beat estimates but also decreased YoY.
The company's earnings missed estimates and decreased significantly compared to the same period last year, which could negatively impact the stock price. Although sales beat estimates, they also decreased compared to the same period last year, which could further negatively impact the stock price.
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