Huntington Bancshares Q4 Adjusted EPS $0.27, Inline, Sales $1.73B Miss $1.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Huntington Bancshares (NASDAQ:HBAN) reported Q4 adjusted EPS of $0.27, meeting analyst estimates but marking a 37.21% decrease from the previous year. Quarterly sales were $1.73B, falling short of the expected $1.77B and down 11.68% from the previous year.
January 19, 2024 | 11:35 am
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Huntington Bancshares reported Q4 earnings in line with estimates but saw a significant decrease in EPS and sales YOY, missing sales estimates.
The reported earnings show a substantial year-over-year decline in both EPS and sales, with sales missing analyst expectations. This could lead to negative investor sentiment and a potential short-term drop in stock price.
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