PennyMac Financial Services Q3 2023 EPS $1.77 Beats $1.69 Estimate, Revenue $400.3M Misses $401.964M Estimate
Portfolio Pulse from Benzinga Newsdesk
PennyMac Financial Services reported Q3 2023 earnings per share (EPS) of $1.77, beating the estimate of $1.69. However, the company's revenue of $400.3M fell short of the estimated $401.964M.
October 26, 2023 | 8:56 pm
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PennyMac Financial Services' Q3 2023 EPS exceeded expectations, but revenue was below estimates.
PennyMac Financial Services' EPS beat estimates, which is a positive signal for investors and could potentially drive the stock price up. However, the company's revenue missed estimates, which could negatively impact the stock price. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100