First Horizon Q2 Adj EPS $0.39 Misses $0.40 Estimate, Sales $1.03B Beat $921.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Horizon (NYSE:FHN) reported Q2 earnings of $0.39 per share, missing the analyst consensus estimate of $0.40 by 2.5 percent. However, the company's quarterly sales of $1.03 billion beat the analyst consensus estimate of $921.53 million by 11.88 percent. This represents a 14.71 percent increase in earnings and a 38.76 percent increase in sales compared to the same period last year.
July 19, 2023 | 10:45 am
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First Horizon's Q2 earnings per share missed estimates by 2.5%, but sales beat estimates by 11.88%. This indicates mixed performance, which could lead to uncertain market reactions.
First Horizon's earnings miss could negatively impact the stock as it indicates lower profitability than expected. However, the sales beat could offset this as it shows stronger revenue growth. The net impact is uncertain as it depends on which factor the market weighs more heavily.
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RELEVANCE 100