EQT Earnings: Exceeds Wall Street Estimates
EQT Corporation (NYSE:EQT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.91%.
EQT Corporation Earnings Cheat Sheet
Results: Net income decreased -47.17% to $48 million (48 cents per diluted share) in the quarter versus a net gain of $90.85 million in the year-earlier quarter.
Revenue: Decreased 1.71% to $490 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EQT Corporation reported adjusted net income of 48 cents per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $420.94 million.