Vistra Q1 Sales $3.054 Miss $2.778B Estimate, Net Income From Ongoing Operations $39M Down From $725M YoY
Portfolio Pulse from Benzinga Newsdesk
Vistra's Q1 sales were $3.054 billion, missing the $2.778 billion estimate, with net income from ongoing operations falling to $39M from $725M YoY. This represents a significant decrease in sales and net income compared to the same period last year.
May 08, 2024 | 11:10 am
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Vistra's Q1 earnings report showed a significant miss in sales estimates and a drastic reduction in net income from ongoing operations year-over-year.
The significant miss in sales estimates and the drastic year-over-year decrease in net income from ongoing operations are likely to negatively impact investor sentiment and Vistra's stock price in the short term. The magnitude of the miss and the reduction in profitability are critical factors that investors will consider, potentially leading to a decrease in stock price.
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