TC Energy Q1 2024 Adj EPS C$1.24 Beats C$1.14 Estimate, Sales C$4.234B Beat C$4.214B Estimate
Portfolio Pulse from Benzinga Newsdesk
TC Energy (NYSE:TRP) reported Q1 2024 adjusted EPS of C$1.24, surpassing the C$1.14 estimate, and sales of C$4.234B, slightly above the C$4.214B estimate. This represents a 2.48% increase in EPS and a 7.79% increase in sales from the same period last year.
May 03, 2024 | 10:42 am
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POSITIVE IMPACT
TC Energy reported a strong Q1 2024 with adjusted EPS and sales exceeding estimates, indicating positive financial health and growth.
Beating both EPS and sales estimates typically indicates a company's strong performance and operational efficiency, which can lead to positive investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100