Magnolia Oil & Gas Q3 Sales $333.13M Beat $327.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Magnolia Oil & Gas reported Q3 sales of $333.13 million, surpassing the analyst estimate of $327.77 million and marking a 5.53% increase from the previous year.
October 30, 2024 | 8:02 pm
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Magnolia Oil & Gas reported Q3 sales of $333.13 million, exceeding analyst expectations and showing a year-over-year increase.
The company's sales exceeded analyst expectations by 1.64% and showed a significant year-over-year growth of 5.53%. This positive performance is likely to boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100