Chesapeake Utilities Q3 Adj $0.69 Beats $0.63 Estimate, Operating Revenues $131.55M Miss $143.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Utilities (NYSE:CPK) reported Q3 earnings of $0.69 per share, beating the analyst consensus estimate of $0.63 by 9.52%. This is a 27.78% increase from the same period last year. However, the company's quarterly sales of $131.55 million missed the analyst consensus estimate of $143.17 million by 8.12%, a slight increase of 0.38% from last year.
November 02, 2023 | 9:54 pm
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Chesapeake Utilities reported better than expected Q3 earnings but missed on revenue. This mixed result could lead to volatility in the stock price.
Chesapeake Utilities reported a strong increase in earnings, beating estimates, which is positive for the stock. However, the company missed revenue estimates, which is a negative factor. These mixed results could lead to uncertainty and volatility in the stock price in the short term.
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