PNC Finl Servs Q3 GAAP EPS $3.60 Beats $3.10 Estimate, Sales $5.23B Miss $5.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
PNC Financial Services Group reported Q3 earnings of $3.60 per share, beating the analyst consensus estimate of $3.10 by 16.13%. However, this is a 4.76% decrease from the same period last year. The company's quarterly sales were $5.23 billion, missing the analyst consensus estimate of $5.32 billion by 1.64%, and marking a 5.69% decrease from the same period last year.
October 13, 2023 | 10:53 am
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PNC Financial Services beat Q3 earnings estimates but missed on sales, indicating mixed performance.
PNC Financial Services reported better than expected earnings but lower than expected sales. This mixed performance could lead to uncertainty among investors, potentially impacting the stock's short-term price.
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