Corebridge Financial Q3 2023 Adj EPS $1.05 Beats $1.04 Estimate, Sales $4.08B Miss $5.07B Estimate
Portfolio Pulse from vinayak@benzinga.com
Corebridge Financial (NYSE:CRBG) reported Q3 2023 earnings of $1.05 per share, beating the analyst consensus estimate of $1.04 by 0.96 percent. This is an 84.21 percent increase from the same period last year. However, the company's quarterly sales of $4.08 billion missed the analyst consensus estimate of $5.07 billion by 19.51 percent, marking an 8.11 percent decrease from the same period last year.
November 03, 2023 | 10:12 am
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Corebridge Financial's Q3 2023 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Corebridge Financial's earnings beat estimates, which is typically a positive signal for investors. However, the company's sales missed estimates, which could be a cause for concern. The mixed results may lead to a neutral short-term impact on the stock price.
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