Phillips 66 Q3 2024 Adj. EPS $2.04 Beats $1.66 Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 reported Q3 2024 earnings of $2.04 per share, surpassing the analyst estimate of $1.66. However, this represents a 55.94% decrease from the previous year's earnings of $4.63 per share.
October 29, 2024 | 11:05 am
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Phillips 66's Q3 2024 earnings per share of $2.04 exceeded expectations but were significantly lower than last year's $4.63, indicating a mixed financial performance.
The earnings beat suggests positive short-term sentiment, but the significant year-over-year decline in EPS may raise concerns about the company's growth trajectory, leading to a neutral short-term impact.
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