TotalEnergies Boasts Strong Revenue Despite Q3 EPS Miss, Decline In LNG And Production
Portfolio Pulse from Lekha Gupta
TotalEnergies reported a Q3 EPS miss but exceeded revenue expectations. Despite a decline in LNG and production, the company plans a $2 billion share buyback for Q4 2024. TTE shares are down 1.42% premarket.
October 31, 2024 | 3:48 pm
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NEGATIVE IMPACT
TotalEnergies reported a Q3 EPS miss but exceeded revenue expectations. The company plans a $2 billion share buyback for Q4 2024. TTE shares are down 1.42% premarket.
The EPS miss and decline in LNG and production are negative factors, leading to a premarket share price drop. However, the revenue beat and share buyback plan may mitigate some negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Advisor Managed Portfolios Miller Value Partners Appreciation ETF provides exposure to TotalEnergies, which reported a Q3 EPS miss but exceeded revenue expectations.
MVPA holds TotalEnergies, which had mixed earnings results. The ETF's performance may be slightly impacted by TTE's share price movement.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Octane All-Cap Value Energy ETF provides exposure to TotalEnergies, which reported a Q3 EPS miss but exceeded revenue expectations.
OCTA holds TotalEnergies, which had mixed earnings results. The ETF's performance may be slightly impacted by TTE's share price movement.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50