Truist Financial Q3 Adj. EPS $0.84 Beats $0.82 Estimate, Sales $5.73B Beat $5.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Truist Financial reported Q3 earnings of $0.84 per share, beating the analyst consensus estimate of $0.82 by 2.44%. The company's quarterly sales were $5.73 billion, surpassing the estimate of $5.70 billion by 0.53%. However, both earnings and sales decreased compared to the same period last year.
October 19, 2023 | 10:07 am
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Truist Financial's Q3 earnings and sales exceeded estimates, which could positively impact the stock in the short term. However, the YoY decrease might offset this positive impact.
Truist Financial's Q3 earnings and sales beat estimates, which is typically positive for the stock. However, the YoY decrease in both earnings and sales could be a concern for investors, potentially offsetting the positive impact of beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100