Brookfield Q2 Adj EPS $0.75 Misses $0.88 Estimate, Sales $23.67B Miss $30.51B Estimate
Portfolio Pulse from bharat@benzinga.com
Brookfield (NYSE:BN) reported Q2 earnings of $0.75 per share, missing the analyst consensus estimate of $0.88 by 14.77%. The company also reported quarterly sales of $23.67 billion, missing the analyst consensus estimate of $30.51 billion by 22.43%. However, both earnings and sales saw a slight increase compared to the same period last year.
August 10, 2023 | 10:58 am
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NEGATIVE IMPACT
Brookfield's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Brookfield's earnings and sales for Q2 have both missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term. However, the slight YoY increase in both earnings and sales might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100