Valero Q3 2023 EPS $7.49 Beats $7.47 Estimate, Revenue $38.404B Misses $38.495B Estimate
Portfolio Pulse from Benzinga Newsdesk
Valero Energy Corporation (VLO) reported Q3 2023 earnings per share (EPS) of $7.49, beating the estimate of $7.47. However, the company's revenue of $38.404 billion fell short of the estimated $38.495 billion.
October 26, 2023 | 10:34 am
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NEUTRAL IMPACT
Valero's Q3 2023 earnings beat estimates but revenue fell short. This mixed result could lead to uncertain short-term price movements.
Valero's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the missed revenue estimate is a negative signal that could pull the stock price down. These mixed signals create uncertainty about the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100