WEC Energy Group Q3 EPS $1.00 Beats $0.90 Estimate, Sales $1.96B Miss $2.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
WEC Energy Group reported Q3 earnings of $1.00 per share, beating the analyst consensus estimate of $0.90 by 11.11%. However, the company's quarterly sales of $1.96 billion missed the analyst consensus estimate of $2.02 billion by 3.12%. This represents a 4.17% increase in earnings and a 2.30% decrease in sales compared to the same period last year.
October 31, 2023 | 11:06 am
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WEC Energy Group's Q3 earnings beat estimates but sales missed estimates. This could lead to mixed reactions in the market.
While the company beat earnings estimates, which is generally a positive signal for investors, it missed on sales, which could be a negative signal. This mixed result could lead to uncertainty in the market, potentially keeping the stock price stable in the short term.
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