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Global Partners Swings to Q1 Net Loss, Sales Increase
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Global Partners Swings to Q1 Net Loss, Sales Increase
May 8, 2024 7:01 AM

09:40 AM EDT, 05/08/2024 (MT Newswires) -- Global Partners ( GLP ) reported a Q1 net loss Wednesday of $0.37 per diluted common limited partner unit, swinging from earnings of $0.70 a year earlier.

An analyst polled by Capital IQ expected earnings of $0.10.

Sales for the quarter ended March 31 were $4.15 billion, compared with $4.03 billion a year earlier.

An analyst surveyed by Capital IQ expected $5.22 billion.

Shares of Global Partners ( GLP ) were down 6.8% in early trading Wednesday.

Price: 44.42, Change: -3.25, Percent Change: -6.82

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