UPDATE: Delek Logistics Partners Q4 Adjusted EPS $0.84 Misses $0.89 Estimate, Sales $254.15M Miss $278.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Delek Logistics Partners (DKL) reported Q4 adjusted earnings of $0.84 per share, missing the consensus estimate of $0.89, and sales of $254.15M, below the estimate of $278.26M. This represents a decrease from the previous year's earnings and sales.
February 27, 2024 | 12:33 pm
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Delek Logistics Partners reported lower than expected Q4 earnings and sales, missing analyst estimates and showing a year-over-year decline.
Missing both earnings and sales estimates, especially with a year-over-year decrease, typically leads to negative investor sentiment in the short term. This could result in a decrease in stock price as the market adjusts to the new information.
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