Western Alliance Q3 Net Revenue $716.20M Beat $676.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Western Alliance (NYSE:WAL) reported Q3 earnings of $1.97 per share, beating the analyst consensus estimate of $1.90 by 3.68%. However, this is a 18.6% decrease from last year's earnings. The company also reported quarterly sales of $716.20 million, beating the analyst consensus estimate of $676.46 million by 5.87%, and marking a 7.88% increase from last year.
October 19, 2023 | 8:34 pm
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Western Alliance's Q3 earnings and sales beat estimates but earnings are down YoY. This mixed result could lead to uncertain short-term price movements.
While Western Alliance beat earnings and sales estimates, the YoY decrease in earnings could be a concern for investors. This mixed result could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100