Western Midstream Q2 Sales $738.27M Miss $816.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Western Midstream (NYSE:WES) reported Q2 sales of $738.27 million, missing the analyst consensus estimate of $816.33 million by 9.56 percent. This represents a 15.76 percent decrease from the same period last year.
August 08, 2023 | 8:22 pm
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NEGATIVE IMPACT
Western Midstream's Q2 sales missed analyst estimates by 9.56%, and decreased 15.76% YoY.
Western Midstream's lower than expected Q2 sales and YoY decrease could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100