ARKO Q3 2023 EPS $0.17 Beats $0.13 Estimate, Sales $2.62B Beat $2.48B Estimate
Portfolio Pulse from vinayak@benzinga.com
ARKO Corp. reported Q3 2023 earnings of $0.17 per share, beating the analyst consensus estimate of $0.13 by 30.77%. The company also reported quarterly sales of $2.62 billion, surpassing the analyst consensus estimate of $2.48 billion by 5.73%. This represents a 7.02% increase over sales of $2.45 billion in the same period last year.
November 06, 2023 | 9:58 pm
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POSITIVE IMPACT
ARKO Corp. exceeded Q3 2023 earnings and sales estimates. The EPS of $0.17 beat estimates by 30.77% and sales of $2.62 billion beat estimates by 5.73%.
ARKO Corp. reported better-than-expected Q3 2023 earnings and sales, which is likely to positively impact the company's stock in the short term. Investors often react positively to companies beating earnings and sales estimates, as it indicates strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100