Even though ANDV reported better than expected Q1 earnings, its stock price still decreased 1.49%.
Revenues rose 55% year-over-year to the north of $10.3B.
The operating income increased to $205 million vs. $34 million a year ago.
Marketing segment operating earnings slipped to $128 million from $133 million.
However, Morgan Stanley downgrade to Equal Weight (from Overweight) because ANDV did not mean its expectation.
How do you think about ANDV?
Revenues rose 55% year-over-year to the north of $10.3B.
The operating income increased to $205 million vs. $34 million a year ago.
Marketing segment operating earnings slipped to $128 million from $133 million.
However, Morgan Stanley downgrade to Equal Weight (from Overweight) because ANDV did not mean its expectation.
How do you think about ANDV?