Nov. 7 at 1:08 PM
$SHEL beats earnings but misses on revenue — what’s the takeaway? 📉
Earnings per ADS of
$1.86 topped the Zacks Consensus Estimate of
$1.72 thanks to cost cuts and strong oil volumes. However, revenues of
$70.4B missed the consensus mark by 5.9%. Shell is ramping up share buybacks with
$3.5B planned for Q4.
Full analysis here 👉 https://www.zacks.com/stock/news/2787630/shell-q3-earnings-beat-forecasts-despite-softer-oil-prices?cid=sm-stocktwits-2-2787630-body-20002&ADID=SYND_STOCKTWITS_TWEET_2_2787630_BODY_20002