VAALCO Energy Q3 2023 Adj. EPS $0.07 Misses $0.14 Estimate, Revenue $116.269M Misses $122.127M Estimate
Portfolio Pulse from Benzinga Newsdesk
VAALCO Energy reported Q3 2023 adjusted EPS of $0.07, missing the estimate of $0.14. The company's revenue was $116.269M, also below the estimate of $122.127M.
November 07, 2023 | 10:50 pm
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VAALCO Energy, listed as EGY, reported lower than expected Q3 2023 earnings and revenue, which could negatively impact the stock price in the short term.
VAALCO Energy's lower than expected earnings and revenue for Q3 2023 could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price. The company's financial performance is a key factor that investors consider when making investment decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100