Diamondback Energy Q2 Adj $4.52 Beats $4.51 Estimate, Sales $2.48B Beat $2.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Diamondback Energy (NASDAQ:FANG) reported Q2 earnings of $4.52 per share, beating the $4.51 estimate. Sales were $2.48 billion, surpassing the $2.18 billion estimate. This represents a 22.83% increase in earnings and a 29.39% increase in sales compared to the same period last year.
August 05, 2024 | 8:02 pm
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Diamondback Energy reported Q2 earnings of $4.52 per share, beating the $4.51 estimate. Sales were $2.48 billion, surpassing the $2.18 billion estimate. This represents a 22.83% increase in earnings and a 29.39% increase in sales compared to the same period last year.
The company's earnings and sales both exceeded analyst estimates, indicating strong financial performance. This positive news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100