State Street Q2 EPS $2.17 Beats $2.10 Estimate, Sales $3.11B Miss $3.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
State Street (NYSE:STT) reported Q2 earnings of $2.17 per share, beating the analyst consensus estimate of $2.10 by 3.33%. However, the company's quarterly sales of $3.11 billion missed the analyst consensus estimate of $3.14 billion by 0.96%. This represents a 5.32% increase in sales compared to the same period last year.
July 14, 2023 | 11:34 am
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State Street's Q2 earnings beat estimates, but sales missed expectations. This mixed result could lead to uncertainty in the market.
State Street's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. This mixed result could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100