KeyCorp Q3 EPS $0.29 Beats $0.27 Estimate, Sales $1.56B Inline
Portfolio Pulse from Benzinga Newsdesk
KeyCorp (NYSE:KEY) reported Q3 earnings of $0.29 per share, beating the analyst consensus estimate of $0.27 by 7.41%. However, this is a 47.27% decrease from the same period last year. The company also reported quarterly sales of $1.56 billion, meeting the analyst consensus estimate, but marking a 17.29% decrease from the same period last year.
October 19, 2023 | 10:33 am
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KeyCorp's Q3 earnings beat estimates but are down significantly YoY. Sales also met estimates but are down YoY.
KeyCorp's earnings beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100