Stock Track | Sunoco LP Plunges 5.90% in Pre-Market After Q4 Earnings Miss Estimates
Stock Track
Feb 17
Sunoco LP's stock experienced a sharp pre-market decline of 5.90% on Tuesday, following the release of its fourth-quarter financial results.
The significant drop appears to be driven by the company's reported earnings per share of $0.09, which fell substantially short of the analyst consensus estimate of $1.65. Quarterly sales of $8.600 billion also missed expectations of $9.360 billion. While the company reported a beat on Adjusted EBITDA and highlighted strategic acquisitions and distribution growth, the core profit and revenue shortfalls likely prompted the negative investor reaction.
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