Northern Trust Q4 Non-GAAP Revenue $1.56B Miss $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Trust (NASDAQ:NTRS) reported Q4 earnings of $0.52 per share, falling short of the consensus estimate of $0.85 by 38.82%. Quarterly sales were $1.56 billion, missing the $1.70 billion estimate by 7.90%, but marking a 2.90% increase from $1.52 billion in the same period last year.
January 18, 2024 | 12:03 pm
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Northern Trust reported lower-than-expected Q4 earnings and revenue, with earnings per share at $0.52 versus an expected $0.85 and revenue at $1.56B against a $1.70B forecast.
Missing both earnings and revenue estimates significantly is likely to negatively impact investor sentiment and could lead to a short-term decline in Northern Trust's stock price. The reported figures show a notable deviation from analyst expectations, which is critical information for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100