BP Q3 EPADS $1.15 Misses $1.37 Estimate, Sales $53.27B Miss $57.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
BP reported Q3 earnings per share of $1.15, missing the analyst consensus estimate of $1.37 by 16.06%. This is a 55.6% decrease from the same period last year. The company also reported quarterly sales of $53.27 billion, missing the analyst consensus estimate of $57.71 billion by 7.69%. This is a 3.16% decrease from the same period last year.
October 31, 2023 | 7:54 am
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NEGATIVE IMPACT
BP's Q3 earnings and sales missed analyst estimates, indicating a potential negative impact on the company's stock price in the short term.
BP's Q3 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100