Popular Q3 EPS $1.90 Beats $1.85 Estimate, Sales $534.02M Miss $536.53M Estimate
Portfolio Pulse from saritha@benzinga.com
Popular (NASDAQ:BPOP) reported Q3 earnings of $1.90 per share, beating the analyst consensus estimate of $1.85 by 2.7%. However, this is a 28.03% decrease from the same period last year. The company's quarterly sales were $534.02 million, missing the analyst consensus estimate of $536.53 million by 0.47%. This is a 7.87% decrease from the same period last year.

October 26, 2023 | 12:02 pm
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Popular's Q3 earnings beat estimates but are down 28.03% YoY. Sales missed estimates and are down 7.87% YoY.
Despite beating earnings estimates, Popular's earnings and sales have decreased significantly compared to the same period last year. This could negatively impact the company's stock price in the short term.
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