Chord Energy Q3 EPS $5.04 Beats $4.97 Estimate, Sales $1.12B Beat $822.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chord Energy (NASDAQ:CHRD) reported Q3 earnings of $5.04 per share, beating the analyst consensus estimate of $4.97 by 1.41%. However, this is a 30% decrease from the same period last year. The company also reported quarterly sales of $1.12 billion, beating the estimate of $822.53 million by 36.57%, but this is a 5.51% decrease from last year.
November 01, 2023 | 8:56 pm
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Chord Energy's Q3 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
Chord Energy's earnings and sales beat estimates, which is generally positive for the stock. However, the YoY decreases in both earnings and sales could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100