Genworth Finl Q2 EPS $0.18 Beats $0.17 Estimate, Sales $1.89B Beat $1.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Genworth Financial (NYSE:GNW) reported Q2 earnings of $0.18 per share, beating the analyst consensus estimate of $0.17 by 5.88%. However, this is a 47.06% decrease from the same period last year. The company also reported quarterly sales of $1.89 billion, beating the estimate of $1.88 billion by 0.64%, a 0.58% increase from last year.
August 08, 2023 | 8:26 pm
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Genworth Financial's Q2 earnings beat estimates but are down 47.06% YoY. Sales slightly beat estimates and are up 0.58% YoY.
While Genworth Financial beat earnings and sales estimates, the significant YoY decrease in earnings could potentially offset the positive impact of beating estimates. The slight increase in sales YoY is a positive sign, but it's unclear how the market will react to these mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100