Kinetik Holdings Q3 EPS $0.21 Misses $0.60 Estimate, Sales $330.30M Beat $312.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinetik Holdings (NASDAQ:KNTK) reported Q3 earnings of $0.21 per share, missing the analyst consensus estimate of $0.60 by 65%. This is a 79.81% decrease from the same period last year. However, the company reported quarterly sales of $330.30 million, beating the analyst consensus estimate of $312.72 million by 5.62%, a 1.58% increase from last year.
November 08, 2023 | 10:02 pm
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Kinetik Holdings reported a significant miss on Q3 earnings but beat sales estimates. This mixed result could lead to uncertainty in the market.
Kinetik Holdings reported a significant miss on Q3 earnings, which could negatively impact the stock price. However, the company beat sales estimates, which could have a positive effect. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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