Delek US Q2 2024 Adj. EPS $(0.92) Beats $(1.31) Estimate, Sales $3.421B Beat $3.309B Estimate
Portfolio Pulse from Benzinga Newsdesk
Delek US Holdings (NYSE:DK) reported Q2 2024 adjusted EPS of $(0.92), beating the analyst estimate of $(1.31). Sales were $3.421 billion, also surpassing the $3.309 billion estimate. Despite beating estimates, both EPS and sales were significantly lower compared to the same period last year.
August 06, 2024 | 11:07 am
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Delek US Holdings reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.92) beating the $(1.31) estimate and sales of $3.421 billion surpassing the $3.309 billion estimate. However, both EPS and sales have decreased significantly compared to the same period last year.
The better-than-expected EPS and sales figures are likely to have a positive short-term impact on DK's stock price. However, the significant year-over-year declines in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100