CORRECTION: ConocoPhillips Q3 Adj. EPS $2.16 Beats $1.97 Estimate, Sales $14.87B Miss $15.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips (NYSE:COP) 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's quarterly sales of $14.87 billion missed the analyst consensus estimate of $15.07 billion by 1.33%, marking a 31.22% decrease from the same period last year.
November 02, 2023 | 5:10 pm
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ConocoPhillips' Q3 earnings beat estimates but were lower than last year. Sales missed estimates and were also lower than last year.
ConocoPhillips' Q3 earnings beat the analyst consensus, which could have a positive impact on the stock. However, the decrease in earnings and sales compared to the same period last year, as well as the missed sales estimate, could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100