Plains GP Holdings Q4 EPS $0.27 Misses $0.35 Estimate, Sales $12.70B Beat $11.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
Plains GP Holdings (NASDAQ:PAGP) reported Q4 earnings of $0.27 per share, missing the consensus estimate of $0.35 by 22.86%, but saw a 17.39% increase from last year's earnings. Sales reached $12.70B, surpassing the $11.91B estimate by 6.62%, despite a 1.96% decrease from the previous year.
February 09, 2024 | 12:33 pm
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Plains GP Holdings reported a mixed Q4 with earnings missing estimates but sales beating expectations. Earnings per share were up 17.39% YOY, while sales saw a slight decrease.
The mixed results with an earnings miss but a sales beat and year-over-year growth in earnings per share could lead to neutral short-term stock price movement. Investors may weigh the positive sales performance against the earnings miss.
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