MPLX Q1 Sales $2.85B Miss $2.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
MPLX reported Q1 sales of $2.85 billion, missing the analyst consensus estimate of $2.90 billion by 1.83%. This represents a 4.90% increase over the same period last year.
April 30, 2024 | 10:48 am
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MPLX's Q1 sales of $2.85 billion missed estimates by 1.83% but showed a 4.90% increase from last year.
The slight miss in sales estimates may not significantly impact MPLX's stock price in the short term due to the positive aspect of year-over-year growth. Investors might see the growth as a positive sign, offsetting the miss.
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