First American Financial Q2 Adj EPS $1.35 Beats $1.01 Estimate, Sales $1.65B Beat $1.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
First American Financial (NYSE:FAF) reported Q2 earnings of $1.35 per share, beating the analyst consensus estimate of $1.01 by 33.66%. However, this is a 31.47% decrease from the same period last year. The company also reported quarterly sales of $1.65 billion, beating the estimate of $1.50 billion by 9.79%, but this is a 20.13% decrease from the same period last year.
July 27, 2023 | 10:46 am
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First American Financial beat Q2 earnings and sales estimates but reported decreases from the same period last year.
While First American Financial beat Q2 earnings and sales estimates, the year-on-year decreases in both earnings and sales could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100