Phillips 66 Q3 Adj. EPS $4.63 Misses $4.76 Estimate, Sales $40.32B Beat $38.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (NYSE:PSX) reported Q3 earnings of $4.63 per share, missing the analyst consensus estimate of $4.76 by 2.73%. This is a 28.33% decrease from the same period last year. However, the company reported quarterly sales of $40.32 billion, beating the analyst consensus estimate of $38.96 billion by 3.49%. This is a 17.32% decrease from the same period last year.
October 27, 2023 | 11:04 am
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Phillips 66's Q3 earnings per share missed estimates by 2.73% and decreased by 28.33% YoY. However, sales beat estimates by 3.49% but decreased by 17.32% YoY.
Phillips 66's Q3 earnings per share missed the analyst consensus estimate and decreased significantly from the same period last year, which could negatively impact the stock price. However, the company's sales beat the analyst consensus estimate, which could offset some of the negative impact.
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