Royal Bank of Canada: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Royal Bank of Canada (NYSE:RY) reported Q2 earnings with an EPS of $1.96, missing estimates by 4.39%. Revenue was up $1.13 billion YoY. Last quarter, the company beat EPS estimates and saw a 1.92% increase in share price the next day.
May 25, 2023 | 10:20 am
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Royal Bank of Canada missed Q2 earnings estimates with an EPS of $1.96, a 4.39% miss. Revenue increased by $1.13 billion YoY. Last quarter, RY beat EPS estimates and shares rose 1.92%.
Royal Bank of Canada missed Q2 earnings estimates by 4.39%, which could negatively impact the stock price in the short term. However, revenue increased by $1.13 billion YoY, which may offset some of the negative sentiment. Last quarter, the company beat EPS estimates and saw a 1.92% increase in share price the next day, indicating that earnings performance can have a significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100