ConocoPhillips Q3 Adj. EPS $2.16 Beats $1.97 Estimate, Sales $14.87B Miss $15.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips reported Q3 earnings of $2.16 per share, beating the analyst consensus estimate of $1.97 by 9.64%. However, this is a 40% decrease from the same period last year. The company also reported quarterly sales of $19.29 billion, beating the estimate of $15.07 billion by 28.03%, but this is a 10.75% decrease from last year.
November 02, 2023 | 11:24 am
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NEUTRAL IMPACT
ConocoPhillips' Q3 earnings and sales beat estimates but are down from last year. This mixed result could lead to uncertain market reactions.
While ConocoPhillips beat estimates for Q3, the decrease in earnings and sales compared to the same period last year could be a concern for investors. This could lead to mixed market reactions, making the short-term impact on the stock price uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100