CNX Resources Q4 Adj. EPS $0.67 Beats $0.29 Estimate, Adj. Sales $376.00M Miss $400.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNX Resources (NYSE:CNX) reported Q4 adjusted EPS of $0.67, surpassing the $0.29 estimate by 130.69%, but saw a 59.21% decrease from $1.64 EPS last year. Adjusted sales were $376M, falling short of the $400.13M estimate by 6.03% and down 9.62% from $416M in the same period last year.

January 25, 2024 | 11:48 am
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CNX Resources exceeded Q4 EPS estimates but reported a significant decrease from last year's earnings and missed sales estimates.
While CNX Resources beat EPS estimates, which could be seen as positive, the significant decrease in earnings compared to last year and the miss on revenue estimates could temper investor enthusiasm. The mixed results present both positive and negative signals to the market, likely resulting in a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100