Banco De Chile Premarket Reported Q4 EPS $0.87 Beats $0.71 Estimate, Sales $987.90M Beat $841.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Banco De Chile (NYSE:BCH) reported Q4 earnings of $0.87 per share, surpassing the consensus estimate of $0.71 by 22.54%. Year-over-year, earnings rose 7.41% from $0.81 per share. Quarterly sales reached $987.90M, exceeding estimates by 17.41% and marking a 4.25% increase from the previous year's $947.60M.
January 29, 2024 | 9:52 pm
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Banco De Chile reported strong Q4 earnings and sales, beating analyst estimates with an EPS increase of 7.41% YoY and sales growth of 4.25% YoY.
Banco De Chile's significant beat on both earnings per share and sales compared to analyst estimates is likely to instill investor confidence and could lead to a positive short-term reaction in the stock price. The year-over-year growth in earnings and sales further solidifies the company's financial strength, making it an attractive asset for investors.
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