TotalEnergies Q2 EPS $1.98 Misses $2.09 Estimate, Sales $53.74B Beat $46.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies (NYSE:TTE) reported Q2 earnings per share of $1.98, missing the analyst estimate of $2.09. However, the company beat sales estimates with $53.74 billion, surpassing the expected $46.55 billion.
July 25, 2024 | 6:52 am
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TotalEnergies reported Q2 EPS of $1.98, missing the $2.09 estimate, but beat sales estimates with $53.74 billion. This mixed result may lead to short-term volatility in the stock price.
The mixed earnings report, with EPS missing estimates but sales beating expectations, suggests potential short-term volatility. Investors may react negatively to the EPS miss but positively to the strong sales performance.
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