ConocoPhillips Q3 2024 Adj. EPS $1.78 Beats $1.64 Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips reported Q3 2024 earnings per share of $1.78, surpassing the analyst estimate of $1.64. However, this represents a 17.59% decline from the previous year's earnings of $2.16 per share.
October 31, 2024 | 11:01 am
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ConocoPhillips reported Q3 2024 earnings of $1.78 per share, beating the estimate of $1.64 but showing a decline from last year's $2.16.
The earnings beat is positive news and may lead to a short-term stock price increase. However, the year-over-year decline in earnings could temper investor enthusiasm.
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