Raymond James Finl Q1 2024 Adj EPS $2.40 Beats $2.26 Estimate, Sales $3.01B Miss $3.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Raymond James Financial, Inc. (NYSE:RJF) reported Q1 2024 adjusted earnings per share (EPS) of $2.40, surpassing the consensus estimate of $2.26 by 6.19%. However, the company's sales of $3.01 billion fell short of the expected $3.06 billion by 1.73%, despite being an 8.04% increase from the same period last year.
January 24, 2024 | 9:21 pm
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Raymond James Financial reported higher-than-expected Q1 2024 EPS at $2.40, but missed revenue estimates with $3.01B in sales compared to the expected $3.06B.
While RJF's EPS beat may be viewed positively, the sales miss could raise concerns about growth prospects, leading to a neutral short-term impact on the stock price. The mixed results present both positive and negative signals to investors.
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