PBF Energy Q1 2024 Adj EPS $0.85 Beats $0.66 Estimate, Sales $8.645B Beat $7.134B Estimate
Portfolio Pulse from Benzinga Newsdesk
PBF Energy reported Q1 2024 adjusted EPS of $0.85, surpassing the $0.66 estimate, with sales of $8.645B exceeding the $7.134B forecast. Despite beating estimates, these figures represent a decrease from the previous year's earnings and sales.
May 02, 2024 | 10:33 am
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PBF Energy exceeded Q1 2024 earnings and sales estimates, with an adjusted EPS of $0.85 and sales of $8.645B, indicating strong performance despite a year-over-year decline.
PBF Energy's surpassing of both earnings and sales estimates for Q1 2024 suggests a positive short-term impact on its stock price. The significant beat on expectations, despite a decrease from the previous year's figures, indicates operational efficiency and potential for growth, which could positively influence investor sentiment and stock performance in the short term.
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