Tsakos Energy Navigation Q1 2024 GAAP EPS $1.60 Misses $2.08 Estimate, Sales $201.589M Beat $199.880M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tsakos Energy Navigation (TNP) reported Q1 2024 GAAP EPS of $1.60, missing the estimate of $2.08. However, sales came in at $201.589 million, beating the estimate of $199.880 million.
June 20, 2024 | 12:59 pm
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Tsakos Energy Navigation (TNP) reported Q1 2024 GAAP EPS of $1.60, missing the estimate of $2.08. However, sales came in at $201.589 million, beating the estimate of $199.880 million.
The miss on EPS is likely to have a negative impact on the stock price in the short term, despite the sales beat. Investors often react more strongly to earnings misses than to sales beats.
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