World Kinect Q3 EPS $0.58, Inline, Sales $12.25B Beat $12.03B Estimate
Portfolio Pulse from Happy Mohamed
World Kinect (NYSE:WKC) reported Q3 earnings of $0.58 per share, meeting analyst consensus. This is a 13.43% decrease from last year. Quarterly sales were $12.25 billion, beating the analyst consensus of $12.03 billion by 1.79%. This is a 21.81% decrease from last year.
October 26, 2023 | 8:59 pm
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World Kinect's Q3 earnings met expectations but showed a decrease from last year. Sales beat estimates but also decreased YoY.
World Kinect's earnings met analyst expectations, which is positive. However, the YoY decrease in both earnings and sales could be a concern for investors, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100