Benzinga | Aug 2, 2021 04:02PM EDT

Diamondback Energy Q2 EPS $1.71 Misses $2.12 Estimate, Sales $1.68B Beat $1.32B Estimate

Diamondback Energy (NASDAQ:FANG) reported quarterly earnings of $1.71 per share which missed the analyst consensus estimate of $2.12 by 19.34 percent. This is a 1040 percent increase over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $1.68 billion which beat the analyst consensus estimate of $1.32 billion by 27.35 percent. This is a 295.53 percent increase over sales of $425.00 million the same period last year.