Phillips 66 Q2 2024 Adj. EPS $2.31 Beats $1.98 Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (NYSE:PSX) reported Q2 2024 adjusted earnings per share (EPS) of $2.31, surpassing the analyst consensus estimate of $1.98 by 16.67%. However, this represents a 40.31% decrease from the $3.87 EPS reported in the same period last year.
July 30, 2024 | 11:04 am
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Phillips 66 reported Q2 2024 EPS of $2.31, beating estimates but showing a significant year-over-year decline.
The positive earnings surprise is likely to boost short-term stock prices, but the significant year-over-year decline may temper investor enthusiasm.
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