Phillips 66 Q4 Adj. EPS $3.09 Beats $2.34 Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (NYSE:PSX) reported Q4 adjusted earnings per share (EPS) of $3.09, surpassing the analyst consensus estimate of $2.34 by 32.05%. However, this represents a 22.75% decrease from the $4.00 EPS reported in the same quarter of the previous year.
January 31, 2024 | 12:01 pm
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Phillips 66 reported a strong Q4 adjusted EPS of $3.09, beating estimates by 32.05%, despite a year-over-year decrease.
The positive earnings surprise is likely to be viewed favorably by investors in the short term, as beating analyst estimates can lead to increased investor confidence and a potential rise in stock price. However, the year-over-year decline in earnings may temper some of the positive sentiment.
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