EOG Resources Q4 Adj EPS $3.07, Inline, Sales $6.36B Beat $6.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
EOG Resources (NYSE:EOG) reported Q4 adjusted earnings of $3.07 per share, meeting analyst estimates, and sales of $6.36B, exceeding the $6.19B estimate. This represents a decrease in earnings and sales compared to the same period last year.
February 22, 2024 | 9:21 pm
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EOG Resources reported Q4 adjusted EPS of $3.07, in line with estimates, and sales of $6.36B, surpassing the $6.19B forecast. However, both earnings and sales decreased compared to last year.
While EOG Resources met analyst expectations for adjusted EPS and exceeded sales forecasts, the year-on-year decrease in both earnings and sales could temper investor enthusiasm. Meeting expectations typically stabilizes stock prices, but the decrease in financial performance compared to the previous year might introduce caution among investors.
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