BP Q2 2024 Adj. EPS $1.00 Beats $0.92 Estimate, Sales $47.299B Miss $52.925B Estimate
Portfolio Pulse from Benzinga Newsdesk
BP (NYSE:BP) reported Q2 2024 adjusted EPS of $1.00, beating the $0.92 estimate, but sales of $47.299 billion missed the $52.925 billion estimate. EPS increased by 12.36% year-over-year, while sales decreased by 2.56%.
July 30, 2024 | 6:16 am
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BP's Q2 2024 adjusted EPS of $1.00 beat estimates by 8.7%, but sales of $47.299 billion missed estimates by 10.63%. EPS increased by 12.36% year-over-year, while sales decreased by 2.56%.
BP's earnings beat will likely be seen positively, but the sales miss and year-over-year sales decline could offset this. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100