Pampa Energia Q2 2024 GAAP EPS $1.80 Beats $0.95 Estimate, Sales $500.000M Miss $518.270M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pampa Energia (NYSE:PAM) reported Q2 2024 GAAP EPS of $1.80, beating the $0.95 estimate by 89.47%. However, sales of $500 million missed the $518.27 million estimate by 3.53%, though they increased by 7.76% year-over-year.
August 07, 2024 | 9:27 pm
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POSITIVE IMPACT
Pampa Energia's Q2 2024 earnings per share significantly beat expectations, but sales fell short of estimates. Despite the sales miss, there was a year-over-year increase in revenue.
The significant beat on EPS is a strong positive indicator for the stock, likely driving short-term price appreciation. The sales miss is a minor negative but is offset by the year-over-year growth in revenue.
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IMPORTANCE 80
RELEVANCE 100