Constellation Energy Q2 EPS $2.56 Beats $0.78 Estimate, Sales $5.45B Miss $5.53B Estimate
Portfolio Pulse from bharat@benzinga.com
Constellation Energy (NASDAQ:CEG) reported Q2 earnings of $2.56 per share, beating the analyst consensus estimate of $0.78 by 228.21%. This is a 852.94% increase over losses of $(0.34) per share from the same period last year. However, the company reported quarterly sales of $5.45 billion, missing the analyst consensus estimate of $5.53 billion by 1.52%, a 0.35% decrease over sales of $5.46 billion the same period last year.

August 04, 2023 | 1:18 pm
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Constellation Energy's Q2 earnings significantly beat estimates, but sales slightly missed expectations.
While Constellation Energy's earnings significantly exceeded estimates, indicating strong profitability, the slight miss on sales could indicate potential revenue challenges. The mixed results may lead to neutral short-term price movement.
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