Recap: Invesco KBW NASDAQ Fintech UCITS ETF Q4 Earnings
Portfolio Pulse from Benzinga Insights
Invesco KBW NASDAQ Fintech UCITS ETF (NASDAQ:FTEK) reported Q4 earnings, beating estimates with an EPS of $-0.02 against an expected $-0.03, but saw a revenue decrease of $676k from the previous year. The ETF has a history of beating EPS estimates, which previously led to a 7% share price increase the following day.
March 11, 2024 | 8:30 pm
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Invesco KBW NASDAQ Fintech UCITS ETF reported better than expected Q4 earnings but experienced a revenue decline from the previous year.
The positive earnings surprise, beating estimates by 33%, could lead to a short-term positive sentiment among investors, similar to the past quarter's 7% share price increase following earnings beat. However, the revenue decline might temper some of the optimism, making the overall impact likely positive but with caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100