Unum Gr Q3 EPS $1.02 Vs $2.53 Last Year, Sales $3.09B Miss $3.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Unum Gr (NYSE:UNM) reported Q3 earnings of $1.02 per share, down from $2.53 per share last year. The company's quarterly sales were $3.09 billion, missing the analyst consensus estimate of $3.11 billion by 0.58 percent. However, this represents a 4.39 percent increase over sales of $2.96 billion in the same period last year.
October 31, 2023 | 8:29 pm
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NEGATIVE IMPACT
Unum Gr's Q3 earnings per share decreased and sales missed estimates, which could negatively impact the stock price in the short term.
Unum Gr's lower than expected Q3 earnings and sales could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price. However, the YoY increase in sales may mitigate this impact somewhat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100