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Despite key investors reducing holdings, Diamondback Energy reported strong earnings, exceeding expectations.
Two investment firms, Spire Wealth Management and Copeland Capital Management, reduced their holdings in Diamondback Energy (FANG) during the first quarter of the year.
Despite this, Diamondback reported strong earnings, exceeding analyst expectations with an EPS of $4.54 and revenue of $4.05 billion.
Analysts predict the company will post 15.49 EPS for the current fiscal year.
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A pesar de que los inversores clave redujeron sus participaciones, Diamondback Energy reportó ganancias fuertes, superando las expectativas.