Popular Q2 EPS $2.10 Vs $2.77 Prior Year, Sales $531.67M Beat $519.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Popular Inc. (NASDAQ:BPOP) reported Q2 earnings of $2.10 per share, a 24.19% decrease from the same period last year. However, the company's quarterly sales of $531.67 million beat the analyst consensus estimate of $519.50 million by 2.34%, despite being a 0.41% decrease from last year's sales.
July 26, 2023 | 12:01 pm
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Popular Inc.'s Q2 earnings per share decreased by 24.19% YoY, but sales beat estimates by 2.34%.
While Popular Inc.'s earnings per share decreased significantly, the company managed to beat sales estimates. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100