Ally Financial Q2 Adjusted EPS $0.96 Beats $0.92 Estimate, Sales $2.07B Miss $2.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ally Financial reported Q2 earnings of $0.96 per share, beating the analyst consensus estimate of $0.92 by 4.35%. However, the company's quarterly sales of $2.07 billion missed the analyst consensus estimate of $2.09 billion by 1.15%. This represents a 45.45% decrease in earnings and a 7.02% decrease in sales compared to the same period last year.
July 19, 2023 | 11:26 am
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NEGATIVE IMPACT
Ally Financial's Q2 earnings beat estimates but sales missed, with a significant decrease compared to last year.
Ally Financial's earnings beat estimates, which is positive. However, the miss on sales and the significant year-over-year decreases in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100