CVR Energy Q4 Adj EPS $0.65 Beats $0.34 Estimate, Sales $2.20B Miss $2.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
CVR Energy (NYSE:CVI) reported Q4 adjusted EPS of $0.65, surpassing the $0.34 estimate, but its sales of $2.20B fell short of the $2.26B estimate. This represents a 61.31% decrease in earnings and a 17.81% decrease in sales from the same period last year.
February 20, 2024 | 10:10 pm
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CVR Energy reported a mixed Q4 with adjusted EPS beating estimates but sales missing expectations, indicating a significant 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 a neutral short-term impact on CVR Energy's stock price. Investors might react positively to the earnings beat, but concerns over the sales miss and significant year-over-year declines could temper any gains.
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