CORRECTION: TotalEnergies Q4 Adj. EPS $2.16 Misses $2.24 Estimate, Sales $59.24B Beat $47.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies (NYSE:TTE) reported Q4 adjusted EPS of $2.16, missing the $2.24 estimate, a 27.27% decrease from last year. Sales were $59.24B, beating the $47.50B estimate but down 13.63% from last year.
February 07, 2024 | 9:48 am
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TotalEnergies reported a Q4 adjusted EPS of $2.16, missing estimates, with sales of $59.24B exceeding expectations.
Missing the EPS estimate while beating sales forecasts presents a mixed financial picture. The significant decrease in earnings compared to last year could negatively impact investor sentiment in the short term, potentially leading to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100