Comerica Q3 GAAP EPS $1.84 Vs $2.60 Prior Year, Sales $896.00M Beat $878.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Comerica (NYSE:CMA) reported Q3 earnings of $1.84 per share, a 29.23% decrease from the same period last year. However, the company's quarterly sales of $896.00 million beat the analyst consensus estimate of $878.71 million by 1.97%, despite being a 9.04% decrease from last year's sales.
October 20, 2023 | 10:42 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Comerica's Q3 earnings per share decreased by 29.23% YoY, but sales beat estimates by 1.97%. This mixed result could lead to uncertain market reactions.
Comerica's lower earnings per share indicate decreased profitability, which could negatively impact the stock price. However, the company's sales beat estimates, which could be viewed positively by investors. The mixed results make the short-term impact on the stock price uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100