Williams Companies Q1 Sales $2.77B Beat $2.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Williams Companies (WMB) reported Q1 sales of $2.77 billion, surpassing the analyst consensus estimate of $2.69 billion by 3.01%, but marking a 10.06% decrease from the previous year's $3.08 billion.
May 06, 2024 | 8:16 pm
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Williams Companies exceeded Q1 sales estimates, reporting $2.77 billion against an expected $2.69 billion, despite a year-over-year decrease.
Beating sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the year-over-year decrease in sales might temper some of the positive momentum, indicating a mixed but overall positive short-term outlook.
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