Diamondback Energy (FANG) Q3 Earnings Miss Estimates
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Diamondback Energy (FANG) reported Q3 earnings of $3.38 per share, missing the Zacks Consensus Estimate of $3.80. This is a decrease from $5.49 per share a year ago.
November 05, 2024 | 12:30 pm
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NEGATIVE IMPACT
Diamondback Energy reported Q3 earnings of $3.38 per share, missing estimates and showing a decline from last year's $5.49 per share.
The earnings miss and year-over-year decline in earnings per share are likely to negatively impact Diamondback Energy's stock price in the short term. Investors may react to the lower-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100