ConocoPhillips Q4 Adj. EPS $2.40 Beats $2.09 Estimate, Sales $15.31B Miss $15.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips (NYSE:COP) reported Q4 adjusted EPS of $2.40, surpassing the $2.09 estimate, but its sales of $15.31B fell short of the $15.94B estimate. This represents an 11.44% decrease in earnings and a 20.53% decrease in sales from the same period last year.
February 08, 2024 | 12:06 pm
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NEUTRAL IMPACT
ConocoPhillips reported a mixed Q4 with earnings beating estimates but sales missing expectations, indicating a decrease in both earnings and sales from the previous year.
The mixed results with an earnings beat but a miss on sales could lead to neutral short-term stock price movement. Investors might be encouraged by the earnings beat, but concerned about the sales miss and year-over-year declines.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100