Why Citizens Financial Shares Are Sliding Today
Portfolio Pulse from Lekha Gupta
Citizens Financial Group Inc's shares are down by around 3% after the company missed Q3 FY23 earnings estimates. The company reported a 7% Y/Y revenue decline to $2.01 billion, missing the analyst consensus of $2.04 billion. Adjusted net income for the quarter decreased 33% Y/Y to $448 million. The board of directors declared a quarterly common stock dividend of $0.42 per share.
October 18, 2023 | 11:58 am
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Citizens Financial Group's shares are down after missing Q3 FY23 earnings estimates. The company reported a 7% Y/Y revenue decline and a 33% Y/Y decrease in adjusted net income.
Citizens Financial Group's shares are down due to the company missing its Q3 FY23 earnings estimates. The company's revenue and adjusted net income have both decreased year over year, which is likely to negatively impact investor sentiment and the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100