Shell Q1 2024 Adj EPADS $2.40 Beats $1.86 Estimate, Sales $72.478B Miss $82.039B Estimate
Portfolio Pulse from Benzinga Newsdesk
Shell (SHEL) reported Q1 2024 adjusted earnings per share (EPS) of $2.40, surpassing the $1.86 estimate, marking a 29.03% beat but a 13.67% decrease from last year's $2.78 EPS. However, their sales of $72.478 billion fell short of the $82.039 billion estimate by 11.65%, and saw a 16.65% decrease from the previous year's $86.959 billion.

May 02, 2024 | 6:29 am
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Shell's Q1 2024 earnings beat estimates with an EPS of $2.40, but sales missed expectations at $72.478 billion, indicating mixed financial performance.
Shell's earnings beat could positively impact investor sentiment due to the higher than expected EPS, showcasing strong profitability. However, the miss on sales forecasts could temper enthusiasm, indicating potential challenges in revenue growth or market conditions. The mixed results suggest a neutral short-term impact on the stock price, as the positive earnings surprise may be offset by concerns over missed sales targets.
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