Global Partners Q3 Earnings Per Unit $0.60 vs $3.12 Last Year, Sales $4.22B Miss $4.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Partners (NYSE:GLP) reported Q3 earnings of $0.60 per unit, a decrease of 80.77% from the same period last year. The company's quarterly sales were $4.22 billion, missing the analyst consensus estimate of $4.26 billion by 1.03% and marking an 8.80% decrease from last year.
November 09, 2023 | 12:09 pm
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NEGATIVE IMPACT
Global Partners' Q3 earnings and sales both decreased compared to last year and missed analyst estimates, which could negatively impact the stock price.
Global Partners reported a significant decrease in Q3 earnings and sales compared to the same period last year. Additionally, the company missed analyst estimates for both earnings and sales. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100