Cheniere Energy Q4 EPS $5.76 Beats $2.75 Estimate, Sales $4.82B Beat $4.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheniere Energy (AMEX:LNG) reported Q4 earnings of $5.76 per share, surpassing the $2.75 estimate, and sales of $4.82B, exceeding the $4.48B estimate. However, this represents a 63.5% decrease in earnings and a 46.91% decrease in sales from the same period last year.
February 22, 2024 | 12:32 pm
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Cheniere Energy reported strong Q4 earnings and sales, beating estimates but showed significant decreases from the previous year.
While Cheniere Energy exceeded analyst expectations for Q4, the substantial year-over-year decreases in both earnings and sales could concern investors. The positive earnings surprise may provide short-term stock support, but the declines highlight potential challenges. The mixed results make the short-term impact neutral as investors weigh the beats against the significant decreases.
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