T. Rowe Price Gr Q4 Adjusted EPS $1.72 Beats $1.59 Estimate, Sales $1.64B Beat $1.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
T. Rowe Price Gr (TROW) reported Q4 adjusted EPS of $1.72, surpassing the $1.59 estimate, and sales of $1.64B, exceeding the $1.61B estimate. This represents a slight decrease in EPS from last year but a 7.74% increase in sales.
February 08, 2024 | 12:05 pm
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T. Rowe Price Gr reported a Q4 EPS of $1.72, beating estimates, and sales of $1.64B, also above expectations. Despite a slight decrease in EPS from last year, sales grew by 7.74%.
Beating both EPS and sales estimates typically has a positive impact on a company's stock price in the short term. The slight decrease in EPS year-over-year might temper the positive reaction slightly, but the significant sales growth indicates strong business performance, likely leading to a positive investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100