Northern Trust Q2 EPS $1.56 Misses $1.62 Estimate, Sales $1.76B Miss $1.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Trust (NASDAQ:NTRS) reported Q2 earnings of $1.56 per share, missing the analyst consensus estimate of $1.62 by 3.7 percent. This is a 16.13 percent decrease from the same period last year. However, the company's quarterly sales of $1.77 billion slightly beat the estimate by 0.01 percent, despite being a 0.54 percent decrease from last year.
July 19, 2023 | 11:19 am
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Northern Trust's Q2 earnings per share missed estimates, while sales slightly exceeded expectations. This mixed report may lead to uncertainty in the market.
Northern Trust's earnings per share fell short of analyst expectations, which could negatively impact the stock. However, the slight beat on sales could offset this to some extent, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100