UBS Gr Q3 EPS $(0.24) May Not Be Comparable $0.30 Estimate, Sales $11.70B Beat $11.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
UBS Gr (NYSE:UBS) reported Q3 losses of $(0.24) per share, missing the analyst consensus estimate of $0.30 by 180 percent. This is a 146.15 percent decrease from the same period last year. However, the company reported quarterly sales of $11.70 billion, beating the analyst consensus estimate of $11.10 billion by 5.36 percent, a 42.00 percent increase from last year.
November 07, 2023 | 10:09 am
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UBS Gr reported a significant decrease in earnings, missing estimates by a wide margin. However, sales exceeded expectations and showed strong growth YoY.
The significant miss in earnings is likely to negatively impact the stock price in the short term. However, the strong sales growth could provide some offsetting positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100