ConocoPhillips Q4 Adj. EPS $2.40 Beats $2.09 Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips (NYSE:COP) reported Q4 adjusted earnings per share of $2.40, surpassing the analyst consensus estimate of $2.09 by 14.83%. However, this represents an 11.44% decrease from the $2.71 per share reported in the same period last year.
February 08, 2024 | 12:01 pm
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ConocoPhillips reported a Q4 adjusted EPS of $2.40, exceeding expectations but showing a year-over-year decline.
Beating the analyst consensus estimate typically has a positive impact on the stock price in the short term, as it indicates the company is performing better than expected. However, the year-over-year decline in earnings per share might temper investor enthusiasm, suggesting a mixed but overall positive short-term impact.
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