PNM Resources Q2 Adj. EPS $0.55 Beats $0.50 Estimate, Sales $477.16M Miss $582.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
PNM Resources reported Q2 adjusted earnings of $0.55 per share, beating the analyst consensus estimate of $0.50 by 10%. However, the company's quarterly sales of $477.16 million missed the analyst consensus estimate of $582.11 million by 18.03%. This represents a 3.51% decrease in earnings and a 4.52% decrease in sales compared to the same period last year.
August 04, 2023 | 3:01 pm
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NEUTRAL IMPACT
PNM Resources reported better than expected Q2 earnings but missed on sales. This mixed result could lead to uncertainty in the stock's short-term performance.
PNM Resources reported a beat on earnings but a miss on sales. This mixed result could lead to uncertainty among investors, potentially causing short-term volatility in the stock price.
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