UPDATE: Coterra Energy Q1 Adj $0.51 Beats $0.41 Estimate, Sales $1.43B Beat $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coterra Energy (NYSE:CTRA) reported Q1 adjusted earnings of $0.51 per share, surpassing the $0.41 estimate, and sales of $1.43B, exceeding the $1.39B estimate. This represents a decrease from the previous year's earnings and sales.
May 02, 2024 | 8:34 pm
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Coterra Energy reported higher-than-expected Q1 earnings and sales, with earnings of $0.51 per share and sales of $1.43B, beating estimates.
Coterra Energy's Q1 earnings and sales surpassing analyst estimates likely indicate a positive short-term impact on its stock price. The beat on both top and bottom lines, despite a year-on-year decrease, suggests operational efficiency and could lead to increased investor confidence.
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IMPORTANCE 90
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