XP: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
XP Inc. (NASDAQ:XP) reported Q3 earnings with an EPS of $0.402, missing estimates by 1.95% against the expected $0.41. Revenue increased by $155.52 million compared to the same period last year. The company's previous earnings miss resulted in a 2.64% share price drop the following day.
November 13, 2023 | 9:50 pm
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XP Inc. reported lower-than-expected Q3 earnings with an EPS of $0.402, which is a 1.95% miss from the estimated $0.41. However, the company saw a significant increase in revenue compared to last year.
The earnings miss by XP Inc. is likely to negatively impact investor sentiment in the short term, as historical data shows a previous miss led to a 2.64% drop in share price. The revenue increase may offset some concerns, but the immediate reaction to earnings typically weighs more on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100