State Street Q3 Adj EPS $1.93 Beats $1.81 Estimate, Sales $2.69B Miss $2.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
State Street (NYSE:STT) reported Q3 adjusted earnings of $1.93 per share, beating the analyst consensus estimate of $1.81 by 6.63%. However, the company's quarterly sales of $2.69 billion missed the analyst consensus estimate of $2.92 billion by 7.84%. This represents a 9.06% decrease in sales compared to the same period last year.
October 18, 2023 | 11:35 am
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State Street's Q3 earnings beat estimates but sales fell short. This mixed result could lead to uncertainty in the market, potentially impacting the company's stock price.
State Street's earnings beat estimates, which is generally positive for the stock. However, the company's sales missed estimates, which is typically seen as negative. The mixed results could lead to uncertainty among investors, potentially impacting the stock price.
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