Alliance Res Partners Q4 Earnings Per Unit $0.88 Misses $1.14 Estimate, Sales $625.40M Miss $661.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alliance Res Partners (NASDAQ:ARLP) reported Q4 earnings per share of $0.88, missing the consensus estimate of $1.14 by 22.81%, and a 46.01% decrease from $1.63 per share last year. Sales were $625.40M, missing the estimate of $661.88M by 5.51%, and an 11.19% decrease from $704.20M last year.
January 29, 2024 | 12:03 pm
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NEGATIVE IMPACT
Alliance Res Partners reported lower than expected Q4 earnings and sales, with a significant decrease compared to last year's figures.
The missed earnings and sales estimates are likely to negatively impact investor sentiment and could lead to a short-term decline in ARLP's stock price. The significant year-over-year decrease in both earnings and sales further underscores the company's underperformance, which is critical information for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100