Delek US Hldgs Q2 Adj $1.00 Beats $0.66 Estimate, Sales $4.20B Beat $3.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
Delek US Hldgs (NYSE:DK) reported Q2 earnings of $1.00 per share, beating the analyst consensus estimate of $0.70 by 42.86%. However, this is a 77.27% decrease from the same period last year. The company also reported quarterly sales of $4.20 billion, beating the estimate of $3.60 billion by 16.67%, but this is a 29.87% decrease from last year.
August 07, 2023 | 11:02 am
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Delek US Hldgs reported better than expected Q2 earnings and sales, but both figures are significantly lower than the same period last year.
While Delek US Hldgs beat estimates for Q2 earnings and sales, the significant YoY decrease in both figures could potentially offset any positive impact from beating estimates. The market's reaction will likely depend on whether investors focus more on the beat or the YoY decrease.
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