Valero Energy Q2 2024 GAAP EPS $2.71 Beats $2.56 Estimate, Sales $30.940B Miss $33.672B Estimate
Portfolio Pulse from Benzinga Newsdesk
Valero Energy (NYSE:VLO) reported Q2 2024 GAAP EPS of $2.71, beating the analyst estimate of $2.56. However, sales of $30.940 billion missed the $33.672 billion estimate. EPS decreased by 49.81% year-over-year, and sales decreased by 10.34% year-over-year.
July 25, 2024 | 10:31 am
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Valero Energy's Q2 2024 earnings per share (EPS) of $2.71 beat the analyst estimate of $2.56, but sales of $30.940 billion missed the $33.672 billion estimate. EPS decreased by 49.81% year-over-year, and sales decreased by 10.34% year-over-year.
While Valero Energy's EPS beat analyst estimates, the significant year-over-year decrease in both EPS and sales, along with the sales miss, creates a mixed outlook. The positive EPS surprise may provide some short-term support, but the overall decline in financial performance could weigh on the stock.
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