Synovus Finl Q2 Adj EPS $1.16 Beats $1.15 Estimate, Sales $567.81M Miss $571.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Synovus Financial Corp. (NYSE:SNV) reported Q2 adjusted earnings of $1.16 per share, beating the analyst consensus estimate of $1.15 by 0.87 percent. However, this is a 0.85 percent decrease from the same period last year. The company's quarterly sales were $567.81 million, missing the analyst consensus estimate of $571.01 million by 0.56 percent, but showing an 8.64 percent increase from the same period last year.
July 19, 2023 | 9:40 pm
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Synovus Financial's Q2 earnings beat estimates but sales missed estimates. This mixed result could lead to uncertain short-term price movements.
Synovus Financial's Q2 earnings beat estimates, which is generally positive for the stock price. However, the company missed sales estimates, which is generally negative for the stock price. These mixed results could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100