Antero Resources Q3 EPS $0.06 Beats $0.03 Estimate, Sales $1.13B Beat $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Antero Resources (NYSE:AR) reported Q3 earnings of $0.06 per share, beating the analyst consensus estimate of $0.03 by 100%. However, this is a 96.32% decrease from the same period last year. The company also reported quarterly sales of $1.13 billion, beating the estimate of $1.07 billion by 5.25%, but this is a 45.46% decrease from last year.
October 25, 2023 | 8:30 pm
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NEUTRAL IMPACT
Antero Resources beat Q3 earnings and sales estimates, but both figures significantly decreased compared to the same period last year.
While Antero Resources beat the estimates, the significant year-over-year decreases in both earnings per share and sales could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100