Royal Bank of Canada Q2 Adj. EPS $1.96 Misses $2.05 Estimate, Sales $10.00B Beat $9.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Royal Bank of Canada (NYSE:RY) reported Q2 adjusted EPS of $1.96, missing the $2.05 estimate, and sales of $10.00B, beating the $9.64B estimate. This represents a 16.24% decrease in earnings and a 12.93% increase in sales compared to the same period last year.
May 25, 2023 | 10:05 am
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Royal Bank of Canada's Q2 earnings missed estimates with a 16.24% decrease YoY, while sales increased by 12.93% YoY, beating estimates.
Royal Bank of Canada's Q2 earnings missed analyst expectations by 4.39%, which may negatively impact the stock price in the short term. However, the company reported better-than-expected sales, which could partially offset the negative impact of the earnings miss.
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IMPORTANCE 80
RELEVANCE 100