MPLX Q2 Sales $3.052B Miss $2.958B Estimate
Portfolio Pulse from Benzinga Newsdesk
MPLX (NYSE:MPLX) reported Q2 sales of $3.052 billion, missing the analyst consensus estimate of $2.958 billion. This represents a 100% decrease compared to $2.690 billion in sales during the same period last year.
August 06, 2024 | 10:48 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
MPLX reported Q2 sales of $3.052 billion, missing the analyst consensus estimate of $2.958 billion. This represents a 100% decrease compared to $2.690 billion in sales during the same period last year.
MPLX's Q2 sales significantly missed analyst estimates and showed a drastic decrease compared to the same period last year. This negative earnings report is likely to impact the stock price adversely in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100