Northern Trust Q3 EPS $1.49 Beats $1.47 Estimate, Sales $1.73B Miss $1.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Trust (NASDAQ:NTRS) reported Q3 earnings of $1.49 per share, beating the analyst consensus estimate of $1.47 by 1.36%. However, this is a 17.22% decrease from the same period last year. The company's quarterly sales of $1.73 billion missed the analyst consensus estimate of $1.75 billion by 1.31%, marking a 1.60% decrease from the same period last year.
October 18, 2023 | 11:19 am
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Northern Trust's Q3 earnings beat estimates but are down 17.22% YoY. Sales missed estimates and are down 1.60% YoY.
Northern Trust's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100