Phillips 66 Q2 2024 Adj. EPS $2.31 Beats $1.98 Estimate, Sales $38.911B Beat $35.426B Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (NYSE:PSX) reported Q2 2024 adjusted EPS of $2.31, beating the $1.98 estimate. Sales were $38.911 billion, surpassing the $35.426 billion estimate. Despite the beats, EPS decreased by 40.31% YoY, while sales increased by 8.87% YoY.
July 30, 2024 | 11:07 am
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Phillips 66 reported Q2 2024 adjusted EPS of $2.31, beating the $1.98 estimate by 16.67%. Sales were $38.911 billion, surpassing the $35.426 billion estimate by 9.84%. Despite the beats, EPS decreased by 40.31% YoY, while sales increased by 8.87% YoY.
Phillips 66's Q2 2024 earnings beat analyst estimates for both EPS and sales, which is positive news. However, the significant YoY decrease in EPS may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
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IMPORTANCE 80
RELEVANCE 100