LPL Finl Hldgs Q4 Adj EPS $3.51 Beats $3.38 Estimate, Sales $2.64B Beat $2.54B Estimate
Portfolio Pulse from totan@benzinga.com
LPL Financial Holdings (LPLA) reported Q4 adjusted EPS of $3.51, surpassing the $3.38 estimate, and sales of $2.64B, exceeding the $2.54B estimate. This represents a 16.63% decrease in EPS and a 13.33% increase in sales year-over-year.
February 01, 2024 | 9:08 pm
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LPL Financial Holdings reported a Q4 adjusted EPS of $3.51, beating estimates, and sales of $2.64B, also above expectations. Despite a year-over-year decrease in EPS, sales increased.
Beating both EPS and sales estimates typically has a positive impact on a company's stock price in the short term. The decrease in EPS year-over-year might temper some enthusiasm, but the significant sales growth indicates a strong operational performance, which is likely to be viewed positively by investors.
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