BP Q4 Adj. EPADS $1.07 Beats $1.05 Estimate, Sales $52.14B Miss $53.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
BP reported Q4 adjusted earnings of $1.07 per share, surpassing the $1.05 estimate, but saw a 32.7% decrease from last year's $1.59. Sales of $52.14B missed the $53.50B estimate, marking a 24.71% decrease from the previous year's $69.26B.
February 06, 2024 | 7:23 am
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BP surpassed Q4 earnings estimates but reported a significant decrease in earnings and sales compared to last year.
While BP exceeded earnings expectations, the significant year-over-year decline in both earnings and sales could lead to mixed investor sentiment. The beat on earnings per share might provide some positive momentum, but the misses on sales and the large decreases compared to the previous year could temper any potential gains.
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RELEVANCE 100