Brighthouse Finl Q3 Adj $4.18 Beats $3.92 Estimate, Sales $2.06B Miss $2.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brighthouse Financial (NASDAQ:BHF) reported Q3 earnings of $4.18 per share, beating the analyst consensus estimate of $3.92 by 6.63%. This is a significant increase from losses of $(0.04) per share from the same period last year. However, the company's quarterly sales of $2.06 billion missed the analyst consensus estimate of $2.19 billion by 5.80%, though it's a 6.18% increase over sales of $1.94 billion the same period last year.
November 07, 2023 | 9:26 pm
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Brighthouse Financial's Q3 earnings beat estimates, but sales missed the mark. This mixed result could lead to uncertainty in the market.
Brighthouse Financial's earnings beat estimates, which is a positive signal for investors. However, the missed sales target could offset this positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100