Delek US Q3 Adj. EPS $2.02 Beats $1.44 Estimate, Sales $4.75B Beat $3.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Delek US Holdings (NYSE:DK) reported Q3 earnings of $2.02 per share, beating the analyst consensus estimate of $1.44 by 40.28%. This is a 10000% increase from the same period last year. The company also reported quarterly sales of $4.75 billion, beating the analyst consensus estimate of $3.62 billion by 31.16%, but this is a 10.84% decrease from the same period last year.
November 07, 2023 | 12:07 pm
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POSITIVE IMPACT
Delek US Holdings reported strong Q3 earnings, significantly beating estimates. However, sales, while also beating estimates, were down from the same period last year.
The strong earnings beat is likely to have a positive impact on the stock in the short term. However, the decrease in sales compared to the same period last year could temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100