Lufax Holding: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Lufax Holding (NYSE:LU) reported Q4 earnings with a significant miss, posting an EPS of $-0.21 against an estimate of $-0.02, and a revenue decrease of $820.24 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, notably leading to a 19.0% share price drop after last quarter's earnings miss.
March 21, 2024 | 10:10 am
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Lufax Holding reported a significant miss in Q4 earnings with an EPS of $-0.21 against an estimate of $-0.02, and a substantial year-over-year revenue decrease. This continues a trend of missed earnings, which previously led to a significant share price drop.
Given Lufax Holding's history of missed earnings leading to a significant share price drop, the Q4 earnings miss, especially with a -950.0% deviation from the estimated EPS, is likely to negatively impact investor confidence and the stock price in the short term.
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