Kinetik Holdings Q2 EPS $0.41 Beats $0.32 Estimate, Sales $296.20M Miss $296.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinetik Holdings (NASDAQ:KNTK) reported Q2 earnings of $0.41 per share, beating the analyst consensus estimate of $0.32 by 28.12%. However, the company's quarterly sales of $296.20 million missed the analyst consensus estimate of $296.33 million by 0.04%. This represents a 583.33% increase in earnings and a 11.73% decrease in sales compared to the same period last year.
August 07, 2023 | 8:13 pm
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NEUTRAL IMPACT
Kinetik Holdings' Q2 earnings beat estimates but sales missed estimates. This could lead to mixed reactions in the market.
Kinetik Holdings reported better than expected earnings but lower than expected sales. This mixed result could lead to uncertainty in the market, potentially causing the stock price to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100