Equitable Hldgs Q2 Adj $1.27 Beats $1.19 Estimate, Sales $2.38B Miss $3.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
Equitable Hldgs (NYSE:EQH) reported Q2 earnings of $1.27 per share, beating the analyst consensus estimate of $1.19 by 6.72%. However, the company's quarterly sales of $2.38 billion missed the analyst consensus estimate of $3.44 billion by 30.90%. This represents a 54.01% decrease in sales compared to the same period last year.
August 04, 2023 | 12:15 pm
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NEGATIVE IMPACT
Equitable Hldgs' Q2 earnings beat estimates but sales significantly missed expectations and decreased 54.01% YoY.
While Equitable Hldgs beat earnings estimates, the significant miss on sales and the substantial YoY decrease could negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100