Pembina Pipeline Q4 EPS $0.89 Beats $0.63 Estimate, Sales $1.81B Miss $1.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pembina Pipeline (NYSE:PBA) reported Q4 earnings of $0.89 per share, surpassing the $0.63 estimate, marking a 206.9% increase from last year. However, their Q4 sales of $1.81B fell short of the $1.87B estimate, a 9.81% decrease from the previous year.
February 23, 2024 | 6:47 am
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Pembina Pipeline's Q4 earnings exceeded expectations with a significant increase from the previous year, but sales missed estimates and showed a decrease.
The substantial beat on earnings per share (EPS) expectations is likely to positively impact investor sentiment and potentially the stock price in the short term, despite the miss on sales estimates. The significant year-over-year growth in EPS highlights strong operational performance and efficiency, which could outweigh concerns about the sales miss among investors.
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IMPORTANCE 90
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