Lufax Holding Q2 Earnings Per ADS $0.06 Beats $0.05 Estimate, Sales $1.28B Miss $1.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lufax Holding (NYSE:LU) reported Q2 earnings of $0.06 per ADS, beating the analyst consensus estimate of $0.05 by 20%. However, this is a 66.67% decrease from the same period last year. The company's quarterly sales of $1.28 billion missed the analyst consensus estimate of $1.43 billion by 10.63%, marking a 44.00% decrease from the same period last year.
August 21, 2023 | 10:07 pm
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Lufax's Q2 earnings beat estimates but sales missed, with both showing significant decreases from last year.
Lufax's earnings beat estimates, which is positive. However, the miss on sales and the significant year-over-year decreases in both earnings and sales are negative indicators. This could lead to a negative short-term impact on the stock price.
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