First Horizon Q4 EPS $0.32 Beats $0.30 Estimate, Sales $800.00M Beat $787.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Horizon (NYSE:FHN) exceeded Q4 earnings and sales estimates with an EPS of $0.32, surpassing the $0.30 forecast, and sales of $800M, beating the $787.96M estimate. However, this reflects a 37.25% decrease in EPS and a 9.30% decrease in sales from the same period last year.
January 18, 2024 | 11:47 am
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First Horizon reported a Q4 EPS of $0.32, beating estimates by 6.67%, and sales of $800M, exceeding expectations by 1.53%, despite year-over-year declines in both metrics.
The positive earnings and sales beat are likely to be viewed favorably by investors in the short term, despite the year-over-year declines. The beat on both top and bottom lines can lead to a short-term positive sentiment and potential stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100