Bank of Nova Scotia Q3 Adjusted EPS C$1.73 Misses C$1.74 Estimate, Sales C$8.09B Miss C$8.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Nova Scotia reported Q3 earnings of $1.73 per share, missing the analyst consensus estimate of $1.74 by 0.57 percent. This is a 17.62 percent decrease from the same period last year. The company also reported quarterly sales of $8.09 billion, missing the analyst consensus estimate of $8.15 billion by 0.74 percent, but a 3.73 percent increase from the same period last year.
August 29, 2023 | 10:08 am
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NEGATIVE IMPACT
Bank of Nova Scotia's Q3 earnings and sales missed estimates, with a significant YoY decrease in earnings. This could negatively impact the stock in the short term.
Bank of Nova Scotia's earnings and sales missed estimates, which is typically seen as a negative signal by the market. Additionally, the significant YoY decrease in earnings could further dampen investor sentiment, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100