ConocoPhillips Q2 2024 Adj. EPS $1.98 Beats $1.96 Estimate, Sales $14.136B Miss $14.919B Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips (NYSE:COP) reported Q2 2024 adjusted EPS of $1.98, beating the estimate of $1.96. However, sales of $14.136 billion missed the estimate of $14.919 billion. EPS increased by 7.61% YoY, while sales grew by 9.72% YoY.
August 01, 2024 | 11:11 am
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ConocoPhillips reported Q2 2024 adjusted EPS of $1.98, beating the estimate of $1.96. However, sales of $14.136 billion missed the estimate of $14.919 billion. EPS increased by 7.61% YoY, while sales grew by 9.72% YoY.
While ConocoPhillips beat EPS estimates, the miss on sales could create mixed reactions in the market. The YoY growth in both EPS and sales is positive, but the sales miss might temper investor enthusiasm.
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