Brookfield Q3 Adj EPS $0.73 Beats $0.69 Estimate, Sales $24.44B Miss $31.33B Estimate
Portfolio Pulse from totan@benzinga.com
Brookfield (NYSE:BN) reported Q3 earnings of $0.73 per share, missing the analyst consensus estimate of $0.94 by 22.34%. This is a 14.12% decrease from the same period last year. The company also reported quarterly sales of $24.44 billion, missing the analyst consensus estimate of $31.33 billion by 21.99%. This is a 4.37% increase from the same period last year.
November 09, 2023 | 12:00 pm
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NEGATIVE IMPACT
Brookfield's Q3 earnings and sales missed estimates, with a 14.12% YoY decrease in earnings and a 4.37% YoY increase in sales.
Brookfield's Q3 earnings and sales missed analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100