Plains All American Q3 EPS $0.35 Beats $0.26 Estimate, Sales $12.07B Miss $14.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Plains All American (NASDAQ:PAA) reported Q3 earnings of $0.35 per share, beating the analyst consensus estimate of $0.26 by 34.62%. However, the company's quarterly sales of $12.07 billion missed the analyst consensus estimate of $14.43 billion by 16.35%. This represents a 6.06% increase in earnings but a 15.80% decrease in sales compared to the same period last year.
November 03, 2023 | 11:48 am
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NEUTRAL IMPACT
Plains All American's Q3 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
While the earnings beat is a positive sign, the miss on sales could indicate potential issues with revenue generation or cost control. This mixed performance could lead to uncertainty among investors, potentially impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
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