AltaGas Q3 EPS $0.10 Up From $0.07 YoY, Sales $2.02B Down From $2.26B YoY
Portfolio Pulse from totan@benzinga.com
AltaGas reported a 42.86% increase in Q3 EPS to $0.10, despite a 10.49% decrease in sales to $2.02 billion compared to the previous year.
October 31, 2024 | 10:38 am
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NEUTRAL IMPACT
AltaGas reported a significant increase in earnings per share (EPS) for Q3, rising 42.86% to $0.10, despite a decline in sales by 10.49% to $2.02 billion compared to the same period last year.
The increase in EPS suggests improved profitability, which is positive for the stock. However, the decline in sales could be a concern for investors, leading to a neutral short-term impact as the market weighs these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100