CVR Energy Q2 2024 Adj. EPS $0.09 Beats $(0.22) Estimate, Sales $1.967B Beat $1.796B Estimate
Portfolio Pulse from Benzinga Newsdesk
CVR Energy (NYSE:CVI) reported Q2 2024 earnings of $0.09 per share, significantly beating the analyst estimate of $(0.22). Sales were $1.967 billion, also surpassing the $1.796 billion estimate. Despite these beats, both earnings and sales were down compared to the same period last year.
July 29, 2024 | 9:11 pm
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CVR Energy reported Q2 2024 earnings of $0.09 per share, beating the analyst estimate of $(0.22). Sales were $1.967 billion, also surpassing the $1.796 billion estimate. Despite these beats, both earnings and sales were down compared to the same period last year.
The significant beat on both earnings and sales estimates is likely to have a positive short-term impact on CVR Energy's stock price. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100