Brighthouse Finl Q4 2023 Adj EPS $2.92 Misses $3.69 Estimate, Sales $2.11B Miss $2.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brighthouse Financial (BHF) reported Q4 2023 adjusted EPS of $2.92, missing the $3.69 estimate, and sales of $2.11B, below the $2.13B estimate. This represents a 13.35% increase in sales compared to the same period last year.
February 12, 2024 | 9:46 pm
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Brighthouse Financial reported a Q4 2023 adjusted EPS of $2.92, missing estimates by 20.87%, and sales of $2.11B, slightly below the $2.13B estimate.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term. The significant miss in EPS by 20.87% and the slight miss in sales forecasts could lead to a decrease in stock price as investors adjust their expectations based on the reported underperformance.
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