Veren shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results and provided FY24 production updates.
Portfolio Pulse from Benzinga Newsdesk
Veren shares declined following the release of disappointing Q3 adjusted EPS results and FY24 production updates.
October 31, 2024 | 2:08 pm
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NEGATIVE IMPACT
Veren's stock is trading lower due to worse-than-expected Q3 adjusted EPS results and underwhelming FY24 production updates.
The negative market reaction is due to Veren's Q3 adjusted EPS results falling short of expectations, which typically leads to a decline in stock price. Additionally, the FY24 production updates did not meet investor expectations, further contributing to the downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100