CONSOL Energy Q4 GAAP EPS $5.05 Beats $4.89 Estimate, Sales $649.44M Beat $608.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
CONSOL Energy (NYSE:CEIX) reported Q4 GAAP EPS of $5.05, surpassing the $4.89 estimate, and sales of $649.44M, exceeding the $608.90M estimate. This represents a slight decrease in earnings but an increase in sales compared to the same period last year.
February 06, 2024 | 11:47 am
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POSITIVE IMPACT
CONSOL Energy reported higher than expected Q4 earnings and sales, indicating a strong financial performance.
Beating both earnings and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The slight decrease in earnings compared to last year might temper the positive impact, but the overall beat on estimates and year-over-year sales growth are likely to be viewed favorably.
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