Equinor Q2 2024 Adj EPS $0.84 Misses $0.85 Estimate, Sales $25.538B Beat $23.721B Estimate
Portfolio Pulse from Benzinga Newsdesk
Equinor (NYSE:EQNR) reported Q2 2024 earnings per share (EPS) of $0.84, missing the analyst estimate of $0.85. However, the company beat sales estimates with $25.538 billion, a 10.41% increase from the previous year.
July 24, 2024 | 4:59 am
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Equinor's Q2 2024 EPS of $0.84 missed the $0.85 estimate, but sales of $25.538 billion beat the $23.721 billion estimate. This mixed result may lead to short-term volatility in the stock price.
The slight miss on EPS might concern some investors, but the significant beat on sales and year-over-year growth could offset negative sentiment. This mixed result is likely to cause short-term volatility as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100