Inergy, L.P. (NYSE:NRGY) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Inergy, L.P. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.04 in the quarter versus EPS of $0.31 in the year-earlier quarter.
Revenue: Decreased 32% to $450.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Inergy, L.P. reported adjusted EPS loss of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.05. It beat the average revenue estimate of $382.15 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…