Imperial Oil Q3 2024 GAAP EPS C$2.33 Beats C$2.00 Estimate, Sales C$13.259B Miss C$15.636B Estimate
Portfolio Pulse from Benzinga Newsdesk
Imperial Oil reported Q3 2024 earnings per share of C$2.33, beating the estimate of C$2.00, but sales of C$13.259 billion missed the C$15.636 billion estimate. EPS decreased by 15.58% from last year, and sales decreased by 4.75%.
November 01, 2024 | 12:21 pm
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Imperial Oil's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of C$2.33 beat the C$2.00 estimate, while sales of C$13.259 billion missed the C$15.636 billion estimate. Both EPS and sales decreased compared to last year.
The positive EPS surprise is offset by the sales miss, leading to a neutral short-term impact. The decrease in both EPS and sales compared to last year suggests mixed performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100