Itau Unibanco Holding Q4 Adj EPS $0.19, Inline, Sales $8.27B Beat $7.99B Estimate
Portfolio Pulse from totan@benzinga.com
Itau Unibanco Holding (NYSE:ITUB) reported Q4 adjusted EPS of $0.19, meeting analyst estimates, and sales of $8.27B, exceeding the $7.99B estimate. This represents a 26.67% increase in earnings and a 14.95% increase in sales over the same period last year.
February 05, 2024 | 9:49 pm
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Itau Unibanco Holding reported a 26.67% increase in earnings and a 14.95% increase in sales over the same period last year, with Q4 adjusted EPS at $0.19 and sales at $8.27B, beating estimates.
The positive earnings report, showing significant year-over-year growth in both earnings and sales, is likely to instill investor confidence and potentially lead to a short-term uptick in ITUB's stock price. Meeting and exceeding analyst estimates typically results in positive market reactions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100