Eni Q1 2024 Adj EPS $1.04 Beats $0.56 Estimate, Sales $24.908 Miss $29.297B Estimate
Portfolio Pulse from Benzinga Newsdesk
Eni (NYSE:E) reported Q1 2024 adjusted EPS of $1.04, surpassing the $0.56 estimate, but saw a 43.62% decrease from last year's $1.85. Sales of $24.908B missed the $29.297B estimate, marking a significant decrease from the previous year's $29.176B.

April 24, 2024 | 8:42 am
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Eni's Q1 2024 earnings surpassed estimates with an EPS of $1.04, but sales missed expectations, indicating mixed financial health.
While Eni's earnings per share significantly exceeded analyst expectations, the miss on sales forecasts and the year-over-year decrease in both earnings and sales could lead to mixed reactions in the short term. The positive earnings surprise may support the stock price, but the sales miss and comparison to last year's figures could temper gains.
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