American Equity Inv Q3 EPS $2.45 Beats $1.72 Estimate, Sales $586.61M Miss $595.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Equity Inv (NYSE:AEL) reported Q3 earnings of $2.45 per share, beating the analyst consensus estimate of $1.72 by 42.44%. This is an 89.92% increase from the same period last year. However, the company's quarterly sales of $586.61 million missed the analyst consensus estimate of $595.40 million by 1.48%, marking a 3.79% decrease from the same period last year.
November 07, 2023 | 9:27 pm
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American Equity Inv's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
American Equity Inv's earnings per share for Q3 significantly beat the estimates, which is a positive signal for investors and could drive the stock price up. However, the company's sales missed the estimates, which could negatively impact the stock price. The net effect could be neutral, leading to mixed market reactions.
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