HF Sinclair Q1 2024 Adj EPS $0.71 Beats $0.65 Estimate, Sales $7.027B Miss $7.542B Estimate
Portfolio Pulse from Benzinga Newsdesk
HF Sinclair (NYSE:DINO) reported Q1 2024 adjusted EPS of $0.71, surpassing the $0.65 estimate, but its sales of $7.027B fell short of the $7.542B forecast. This represents a 64.5% decrease in earnings and a 7.11% decrease in sales from the same period last year.
May 08, 2024 | 10:30 am
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HF Sinclair reported a mixed Q1 2024 with earnings beating estimates but sales missing expectations, indicating a significant year-over-year decline in both metrics.
The mixed results with an earnings beat but a sales miss could lead to neutral short-term stock price movement. The significant year-over-year decline in both earnings and sales might concern investors, but the earnings beat could offset some negative sentiment.
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