Lufax Holding: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Lufax Holding (NYSE:LU) reported Q3 earnings with an EPS of $0.01, missing estimates by 75% compared to the expected $0.04. Revenue also declined by $752 million from the same period last year. In the previous quarter, the company's share price dropped by 4.58% the day after beating EPS estimates.
November 13, 2023 | 9:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lufax Holding reported disappointing Q3 earnings with a significant miss on EPS and a substantial year-over-year revenue decline.
Given the substantial miss on both EPS and revenue, and considering the historical price drop following the last earnings beat, it is likely that Lufax Holding's stock price will experience negative pressure in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100