ConocoPhillips Q3 2024 Adj. EPS $1.78 Beats $1.64 Estimate, Sales $13.604B Miss $14.018B Estimate
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips reported Q3 2024 earnings per share of $1.78, surpassing the analyst estimate of $1.64, but sales of $13.604 billion fell short of the $14.018 billion estimate. Both earnings and sales decreased compared to the same period last year.
October 31, 2024 | 11:11 am
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ConocoPhillips' Q3 2024 earnings per share exceeded expectations, but sales fell short. Both metrics declined compared to the previous year.
The earnings per share beat suggests positive operational performance, but the sales miss and year-over-year declines indicate potential challenges. The mixed results may lead to a neutral short-term stock price impact as investors weigh the positive EPS against the sales miss.
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RELEVANCE 100