CrossAmerica Partners Q2 Earnings Per Unit $0.36 Vs. $0.35 Prior Year, Sales $1.15B Miss $1.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
CrossAmerica Partners (NYSE:CAPL) reported Q2 earnings of $0.36 per unit, a 2.86% increase from the same period last year. However, the company's quarterly sales of $1.15 billion missed the analyst consensus estimate of $1.20 billion by 4.42%, marking a 22.37% decrease from last year's sales.
August 07, 2023 | 8:18 pm
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CrossAmerica Partners reported a YoY increase in Q2 earnings per unit but missed sales estimates, indicating mixed financial performance.
While the increase in earnings per unit is a positive sign, the significant decrease in sales and the miss on estimates could negatively impact investor sentiment. The mixed results make it difficult to predict the short-term price direction.
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