Plains All American Q2 2024 Adj. EPS $0.31, Inline, Sales $12.930B Beat $12.836B Estimate
Portfolio Pulse from Benzinga Newsdesk
Plains All American (NASDAQ:PAA) reported Q2 2024 earnings per share of $0.31, meeting analyst expectations, and sales of $12.930 billion, surpassing the $12.836 billion estimate. This represents a 24% increase in EPS and an 11.45% increase in sales compared to the same period last year.
August 02, 2024 | 11:34 am
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Plains All American (NASDAQ:PAA) reported Q2 2024 earnings per share of $0.31, meeting analyst expectations, and sales of $12.930 billion, surpassing the $12.836 billion estimate. This represents a 24% increase in EPS and an 11.45% increase in sales compared to the same period last year.
The company's earnings per share met analyst expectations, which is neutral news. However, the sales beat the estimates and showed significant year-over-year growth, which is positive. This combination is likely to have a positive short-term impact on the stock price.
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