Cheniere Energy Partners Q1 EPS $1.18 Beats $0.94 Estimate, Sales $2.29B Beat $2.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheniere Energy Partners (AMEX:CQP) reported Q1 earnings of $1.18 per share, surpassing the $0.94 estimate, with sales of $2.29B also beating the $2.20B estimate. However, this represents a 66.29% decrease in earnings and a 21.32% decrease in sales from the same period last year.
May 03, 2024 | 11:50 am
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Cheniere Energy Partners reported higher-than-expected Q1 earnings and sales, but with significant decreases from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decreases in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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