World Kinect Q4 2023 Adj EPS $0.54 Beats $0.44 Estimate, Sales $12.00B Miss $12.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
World Kinect (NYSE:WKC) reported Q4 2023 adjusted EPS of $0.54, surpassing the $0.44 estimate, but its sales of $12.00B fell short of the $12.14B estimate, marking a 13.51% decrease from the previous year.
February 22, 2024 | 9:27 pm
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World Kinect reported higher-than-expected Q4 EPS at $0.54 but missed revenue estimates with $12.00B, indicating a 13.51% decrease in sales year-over-year.
The mixed results with an EPS beat but a miss on revenue forecasts and a significant year-over-year sales decrease could lead to neutral market sentiment. Investors might appreciate the earnings beat but be concerned about the sales decline.
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RELEVANCE 100