Murphy Oil Q2 2024 Adj. EPS $0.81 Beats $0.74 Estimate, Sales $802.771M Miss $813.462M Estimate
Portfolio Pulse from Benzinga Newsdesk
Murphy Oil (NYSE:MUR) reported Q2 2024 adjusted EPS of $0.81, beating the analyst estimate of $0.74. However, sales of $802.771 million missed the $813.462 million estimate.
August 08, 2024 | 10:02 am
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Murphy Oil's Q2 2024 adjusted EPS of $0.81 beat the analyst estimate of $0.74, but sales of $802.771 million missed the $813.462 million estimate.
The positive EPS surprise is likely to have a more significant short-term impact on the stock price than the slight miss in sales. Investors often react more strongly to earnings beats.
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