Constellation Energy Q3 EPS $2.26 Beats $1.37 Estimate, Sales $6.11B Miss $6.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellation Energy (NASDAQ:CEG) reported Q3 earnings of $2.26 per share, beating the analyst consensus estimate of $1.37 by 64.96%. This is a 496.49% increase over losses of $(0.57) per share from the same period last year. However, the company reported quarterly sales of $6.11 billion, missing the analyst consensus estimate of $6.70 billion by 8.79%. This is a 0.99% increase over sales of $6.05 billion the same period last year.
November 06, 2023 | 11:47 am
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Constellation Energy's Q3 earnings significantly beat estimates, but sales fell short. This mixed report may lead to uncertain market reactions.
Constellation Energy's earnings beat estimates by a significant margin, indicating strong profitability. However, the missed sales target could indicate potential issues with revenue generation or market demand. These mixed results may lead to an uncertain market reaction in the short term.
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