Sunoco Q4 EPS $(1.50) Down From $0.42 YoY, Sales $5.64B Beat $5.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunoco reported a significant decrease in Q4 EPS to $(1.50) from $0.42 YoY, although sales of $5.64B exceeded estimates by 9.75% but decreased 4.68% from last year.
February 14, 2024 | 12:09 pm
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Sunoco's Q4 earnings report showed a significant EPS decrease to $(1.50) from $0.42 YoY, but sales of $5.64B exceeded expectations.
The significant decrease in EPS indicates a substantial drop in profitability, which is likely to negatively impact investor sentiment and the stock price in the short term. However, the sales beating estimates might provide some cushion but not enough to offset the negative earnings impact.
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IMPORTANCE 90
RELEVANCE 100