World Kinect Q3 Adj $0.62, Inline, Sales $10.49B Miss $11.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
World Kinect reported Q3 earnings of $0.62 per share, meeting expectations, but sales of $10.49 billion missed the $11.77 billion estimate, marking a 14.33% decrease from last year.
October 24, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
World Kinect's Q3 earnings per share met expectations, but sales significantly missed estimates, indicating potential challenges in revenue generation.
While World Kinect's earnings per share met expectations, the significant miss in sales estimates and the year-over-year decline in revenue suggest potential challenges in the company's revenue generation. This could lead to negative sentiment and a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100