APA Q3 Adj EPS $1.33 Beats $1.09 Estimate, Sales $2.31B Beat $2.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
APA Corporation reported Q3 adjusted earnings of $1.33 per share, beating the analyst consensus estimate of $1.09 by 22.02%. However, this is a 32.49% decrease from the same period last year. The company also reported quarterly sales of $2.31 billion, surpassing the analyst consensus estimate of $2.01 billion by 14.88%, but this is a 19.60% decrease from the same period last year.
November 01, 2023 | 8:13 pm
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NEUTRAL IMPACT
APA Corporation's Q3 earnings and sales beat estimates but are down from the same period last year.
While APA Corporation beat Q3 earnings and sales estimates, which is generally positive news for the stock, the fact that these figures are down from the same period last year could offset this positive impact. Investors may be concerned about the company's ability to maintain growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100