Global Partners Q1 EPS $(0.37) Misses $0.10 Estimate, Sales $4.14B Miss $5.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Partners (NYSE:GLP) reported a significant miss in Q1 earnings with EPS of $(0.37) against an estimate of $0.10, and sales of $4.14B against an estimate of $5.22B. This represents a 152.86% decrease in earnings and a 2.85% increase in sales year-over-year.
May 08, 2024 | 12:31 pm
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Global Partners reported a significant miss in Q1 EPS and sales, indicating potential challenges ahead.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant decrease in earnings year-over-year, is likely to negatively impact investor sentiment and the stock price of Global Partners in the short term.
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IMPORTANCE 90
RELEVANCE 100