U.S. Bancorp Q3 Adj $1.05 Beats $1.04 Estimate, Sales $7.00B Miss $7.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
U.S. Bancorp reported Q3 earnings of $1.05 per share, beating the analyst consensus estimate of $1.04 by 0.96 percent. However, this is a decrease of 11.02 percent from the same period last year. The company's quarterly sales were $7.00 billion, missing the analyst consensus estimate of $7.01 billion by 0.14 percent, but showing an increase of 11.18 percent from the same period last year.
October 18, 2023 | 10:49 am
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U.S. Bancorp's Q3 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
U.S. Bancorp's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100