Plains All American Q2 Adj EPS $0.25 Beats $0.21 Estimate, Sales $11.60B Miss $16.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Plains All American (NASDAQ:PAA) reported Q2 adjusted earnings of $0.25 per share, beating the analyst consensus estimate of $0.21 by 19.05%. However, this is a 16.67% decrease from the same period last year. The company's quarterly sales were $11.60 billion, missing the analyst consensus estimate of $16.84 billion by 31.11%, and marking a 29.08% decrease from the same period last year.
August 04, 2023 | 3:15 pm
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Plains All American's Q2 earnings beat estimates but sales missed and both are down YoY.
The company's earnings beat estimates, which is positive. However, the miss on sales and the YoY decrease in both earnings and sales are negative indicators that could impact the stock price negatively in the short term.
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