Magellan Midstream Q2 Adj. EPS $1.23 Beats $1.10 Estimate, Sales $877.20M Beat $797.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Magellan Midstream (NYSE:MMP) reported Q2 earnings of $1.23 per share, beating the analyst consensus estimate of $1.11 by 10.81%. This is a 5.13% increase over earnings of $1.17 per share from the same period last year. The company also reported quarterly sales of $877.20 million, beating the analyst consensus estimate of $797.91 million by 9.94%. This is a 11.24% increase over sales of $788.60 million the same period last year.
August 04, 2023 | 1:07 pm
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POSITIVE IMPACT
Magellan Midstream's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance.
Magellan Midstream's Q2 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100