BP Q3 2024 Adj. EPS $0.83 Beats $0.76 Estimate, Sales $47.254B Miss $52.557B Estimate
Portfolio Pulse from Benzinga Newsdesk
BP reported Q3 2024 earnings per share of $0.83, beating estimates of $0.76, but sales of $47.254 billion missed the $52.557 billion estimate. EPS decreased by 27.83% from last year, and sales decreased by 11.29%.
October 29, 2024 | 7:19 am
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BP's Q3 2024 earnings per share of $0.83 exceeded expectations, but sales of $47.254 billion fell short. The EPS is down 27.83% year-over-year, and sales are down 11.29%.
BP's earnings per share beat expectations, which is positive, but the significant miss on sales and year-over-year declines in both EPS and sales could offset the positive EPS surprise. This mixed result may lead to neutral short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100