Shell Q3 2024 Adj. EPADS $1.92 Beats $1.66 Estimate, Sales $71.089B Beat $61.343B Estimate
Portfolio Pulse from Benzinga Newsdesk
Shell (NYSE:SHEL) reported Q3 2024 earnings of $1.92 per share, surpassing the $1.66 estimate, and sales of $71.089 billion, exceeding the $61.343 billion estimate. Despite beating estimates, sales decreased by 6.89% compared to the same period last year.
October 31, 2024 | 7:10 am
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Shell's Q3 2024 earnings per share of $1.92 exceeded expectations by 15.66%, and sales of $71.089 billion surpassed estimates by 15.89%. However, sales decreased by 6.89% compared to the previous year.
Shell's earnings and sales both exceeded analyst expectations, which is typically positive for stock prices. However, the year-over-year sales decline may temper investor enthusiasm. Overall, the positive earnings surprise is likely to have a favorable short-term impact on the stock.
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