Movement Alert｜Cheniere Pre-Market Rise 3.1%, Q3 Earnings and Revenue Beat Expectations

Market Focus10-29 19:55

On October 29, Cheniere rose 3.1% in Pre-Market Trading, trading at $306.0/share, with Turnover of $0.9067 million.

The move followed the company’s latest quarterly results, with Q3 EPS of $5.65 beating the $4.22 consensus estimate and revenue of $6.173 billion exceeding the $5.360 billion estimate.

The earnings release also showed EPS rising from $4.75 a year earlier, while total revenue was reported at $6.17 billion. Into the report, market expectations had called for revenue growth of about 17.08% and adjusted EPS of about $4.21, so the published figures indicated a stronger-than-expected quarter. Earlier in the quarter, Cheniere had also signed long-term LNG supply agreements with QatarEnergy, adding to commercial visibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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