Chevron Q3 Adj. EPS $3.05 Misses $3.33 Estimate, Sales $54.08B Beat $53.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chevron's Q3 earnings per share of $3.05 missed the analyst consensus estimate of $3.33 by 8.41 percent, a 45.14 percent decrease from the same period last year. However, the company's quarterly sales of $54.08 billion beat the estimate of $53.00 billion by 2.04 percent, despite being an 18.85 percent decrease from last year.
October 27, 2023 | 10:16 am
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Chevron's Q3 earnings missed estimates and decreased significantly from last year, while sales beat estimates but also decreased from last year.
Chevron's earnings miss and significant year-over-year decrease, along with the decrease in sales despite beating estimates, could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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