ConocoPhillips Beats Earnings Estimates, Revenue Falls Short
ConocoPhillips Reports Strong Third Quarter Performance
ConocoPhillips (NYSE: ) has announced its financial results for the third quarter, surpassing earnings estimates but falling short on revenue. The company reported earnings per share (EPS) of $2.16, exceeding the analyst estimate of $2.08. However, revenue for the quarter came in at $14.75 billion, slightly below the consensus estimate of $15.06 billion.
Stock Performance and Outlook
ConocoPhillips’s stock price closed at $116.67. Over the past three months, the stock has shown a positive growth of 2.60%, while over the last 12 months, it has experienced a decline of -8.59%.
EPS Revisions and Earnings Reaction
Analysts have revised ConocoPhillips’s EPS outlook in the past 90 days, with 10 positive revisions and 8 negative revisions. To evaluate the stock’s reaction to earnings, you can find historical data here.
ConocoPhillips’s Financial Health
According to InvestingPro, ConocoPhillips’s Financial Health score is rated as “great performance“. This indicates a strong financial position for the company.
Financial Analysis and Earnings Calendar
To explore ConocoPhillips’s financials and performance in more detail, you can check their information here. Stay updated on upcoming earnings reports by visiting Investing.com’s earnings calendar.
