Tsakos Energy Navigation Ltd Common Shares Q2 2024 GAAP EPS $2.36 Beats $1.57 Estimate, Sales $214.055M Beat $170.130M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tsakos Energy Navigation Ltd (NYSE:TEN) reported strong Q2 2024 results, with EPS of $2.36 beating estimates by 50.32% and sales of $214.055M surpassing expectations by 25.82%.
September 11, 2024 | 1:29 pm
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Tsakos Energy Navigation Ltd reported Q2 2024 EPS of $2.36, significantly beating the $1.57 estimate, and sales of $214.055M, exceeding the $170.130M estimate. This strong performance is likely to positively impact the stock price in the short term.
The significant beat on both EPS and sales indicates strong operational performance, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100