Expand Energy Q3 Adj $0.16 Down From $1.09 YoY, Sales $648.00M Down From $1.51B YoY
Portfolio Pulse from Benzinga Newsdesk
Expand Energy (NASDAQ:EXE) reported a significant decline in Q3 earnings and sales compared to the previous year. Earnings per share dropped by 85.32% to $0.16, and sales decreased by 57.14% to $648 million.
October 29, 2024 | 8:04 pm
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NEGATIVE IMPACT
Expand Energy's Q3 earnings and sales have significantly decreased compared to last year, with EPS down 85.32% and sales down 57.14%.
The substantial drop in both earnings per share and sales indicates potential financial struggles or market challenges for Expand Energy. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100