TC Energy Q2 2024 Adj. EPS C$0.94 Beats C$0.91 Estimate, Sales C$4.085B Beat C$3.804B Estimate
Portfolio Pulse from Benzinga Newsdesk
TC Energy (NYSE:TRP) reported Q2 2024 adjusted EPS of C$0.94, beating the C$0.91 estimate. Sales were C$4.085 billion, surpassing the C$3.804 billion estimate. Despite a slight year-over-year EPS decline, sales increased by 6.66%.
August 01, 2024 | 10:35 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TC Energy's Q2 2024 adjusted EPS of C$0.94 beat estimates by 3.3%, and sales of C$4.085 billion exceeded expectations by 7.38%. Despite a slight year-over-year EPS decline, the strong sales growth is a positive indicator.
The earnings and sales both exceeded analyst expectations, which is generally a positive signal for the stock. The slight year-over-year EPS decline is offset by the strong sales growth, suggesting overall positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100