UPDATE: Truist Finl Q2 Adj EPS $0.95 Misses $1.01 Estimate, Sales $5.92B Miss $5.99B Estimate
Portfolio Pulse from Happy Mohamed
Truist Finl (NYSE:TFC) reported Q2 earnings of $0.95 per share, missing the analyst consensus estimate of $1.01 by 5.94%. This is a 20.83% decrease from the same period last year. The company also reported quarterly sales of $5.92 billion, missing the analyst consensus estimate of $5.99 billion by 1.20%. However, this is a 4.65% increase from the same period last year.
July 21, 2023 | 3:04 am
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Truist Finl's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Truist Finl's earnings and sales for Q2 missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100