Vistra Shares Gain Post Q2 Results; Revenue Doubles
Portfolio Pulse from Lekha Gupta
Vistra Corp (NYSE:VST) reported Q2 FY23 sales of $3.19 billion, more than double from the prior year. The company also reported net income from ongoing operations of $409 million, a significant improvement from a loss of $(1.30) billion. Vistra has also bought back around $2.9 billion of its shares and declared a Q3 dividend per share of $0.2060. The company has also raised its adjusted EBITDA midpoint opportunities outlook for 2024 and 2025. VST shares are trading higher by 5.55% at $30.42.
August 09, 2023 | 4:15 pm
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Vistra Corp reported strong Q2 FY23 results with sales more than doubling from the prior year. The company's net income also improved significantly, and it has bought back a substantial amount of its shares. VST shares are trading higher.
Vistra Corp's strong Q2 FY23 results, including a significant increase in sales and net income, as well as a substantial share buyback, are likely to have a positive impact on its stock price in the short term.
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IMPORTANCE 90
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