Murphy Oil Q3 Adj. EPS $1.59 Beats $1.40 Estimate, Sales $959.64M Beat $895.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Murphy Oil (NYSE:MUR) reported Q3 earnings of $1.59 per share, beating the analyst consensus estimate of $1.40 by 13.57%. However, this is a 13.59% decrease from the same period last year. The company also reported quarterly sales of $959.64 million, beating the analyst consensus estimate of $895.73 million by 7.14%, but this is a 26.35% decrease from the same period last year.
November 02, 2023 | 10:06 am
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NEUTRAL IMPACT
Murphy Oil's Q3 earnings and sales exceeded estimates, but both are down compared to the same period last year. This mixed result could lead to uncertain market reactions.
While Murphy Oil beat Q3 estimates, the YoY decrease in both earnings and sales could be a concern for investors. This mixed result may lead to uncertain short-term price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100