Dominion Energy Tops Q2 Estimates, Guides Q3 Adj. EPS Below Consensus
Portfolio Pulse from Akanksha Bakshi
Dominion Energy Inc reported Q2 FY23 revenue growth of 5.5% YoY to $3.79 billion, beating the consensus of $3.67 billion. Adjusted EPS was $0.53, higher than the consensus of $0.48. However, operating earnings fell by 28.9% YoY to $468 million. The company expects Q3 operating earnings per share of $0.72-$0.87, lower than the $1.09 consensus. Dominion Energy shares are trading lower by 1.34% at $50.06.
August 04, 2023 | 4:00 pm
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Dominion Energy reported better than expected Q2 revenue and EPS, but a significant drop in operating earnings. The company's Q3 EPS guidance is also below consensus, which may have contributed to the stock trading lower.
Dominion Energy's Q2 results were mixed with revenue and EPS beating estimates but a significant drop in operating earnings. The company's Q3 EPS guidance is also below consensus, which is likely a negative signal to investors and could be contributing to the stock trading lower.
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