Chevron Q4 Adj. EPS $3.45 Beats $3.21 Estimate, Sales $47.18B Miss $51.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chevron (NYSE:CVX) reported Q4 adjusted EPS of $3.45, surpassing the $3.21 estimate, but its sales of $47.18B fell short of the $51.62B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
February 02, 2024 | 11:15 am
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Chevron's Q4 earnings surpassed expectations at $3.45 per share against a $3.21 estimate, but sales of $47.18B missed the $51.62B forecast.
Chevron's mixed Q4 results, with an earnings beat but a miss on sales, could lead to neutral short-term stock price movement. The earnings beat may be seen positively, but the sales miss, especially being a significant part of their revenue, could counteract any potential positive momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100