FirstEnergy Q3 EPS $0.88 Beats $0.86 Estimate, Sales $3.50B Miss $3.55B Estimate
Portfolio Pulse from Happy Mohamed
FirstEnergy reported Q3 earnings of $0.88 per share, beating the analyst consensus estimate of $0.86 by 2.33%. However, the company's quarterly sales of $3.50 billion missed the analyst consensus estimate of $3.55 billion by 1.41%. This represents a 11.39% increase in earnings and a 0.72% increase in sales compared to the same period last year.
October 26, 2023 | 8:31 pm
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NEUTRAL IMPACT
FirstEnergy's Q3 earnings beat estimates but sales fell short. This mixed result could lead to a neutral or slightly negative short-term impact on the stock.
FirstEnergy's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results could lead to a neutral or slightly negative short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100