Old Republic Intl Q4 Adj. EPS $0.69 Misses $0.71 Estimate, Sales $1.94B Miss $1.97B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Republic International (ORI) reported Q4 adjusted earnings of $0.69 per share, missing the consensus estimate of $0.71, and sales of $1.94B, missing the $1.97B estimate. This reflects a 13.75% decrease in earnings and a 2.85% decrease in sales from the same period last year.
January 25, 2024 | 12:05 pm
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NEGATIVE IMPACT
Old Republic Intl reported lower than expected Q4 earnings and sales, with a significant decrease compared to last year's figures.
Missing both earnings and sales estimates can lead to negative investor sentiment in the short term, especially when coupled with a year-over-year decline in performance. This typically results in downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100