Delek US Q1 Adj EPS $(0.41) Beats $(0.45) Estimate, Sales $3.230B Miss $3.281B Estimate
Portfolio Pulse from Benzinga Newsdesk
Delek US Holdings (NYSE:DK) reported Q1 adjusted EPS of $(0.41), beating estimates by 8.89% but showing a 129.93% decrease from last year's earnings. Sales were $3.230B, missing estimates by 1.57% and marking a 17.69% decrease from the previous year.
May 07, 2024 | 11:05 am
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Delek US Holdings reported a Q1 adjusted EPS of $(0.41), surpassing estimates but showing a significant decrease from the previous year. Sales fell short of expectations and decreased year-over-year.
The mixed earnings report, with an EPS beat but a significant year-over-year decline and sales miss, is likely to have a negative short-term impact on DK's stock price. Investors may be concerned about the substantial decrease in earnings and sales compared to the previous year, overshadowing the EPS beat.
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IMPORTANCE 90
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