Northern Trust Q1 EPS $0.96 Misses $1.44 Estimate, Sales $1.65B Miss $1.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Trust (NASDAQ:NTRS) reported Q1 earnings of $0.96 per share, missing the $1.44 estimate, and sales of $1.65B, missing the $1.75B estimate. This represents a 36.42% decrease in earnings and a 5.21% decrease in sales from the same period last year.
April 16, 2024 | 11:19 am
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Northern Trust reported a significant miss in both earnings per share and sales for Q1, with earnings per share down 36.42% and sales down 5.21% from last year.
The significant miss in both earnings per share and sales compared to analyst estimates and the year-over-year decline indicate potential negative sentiment among investors, likely leading to short-term downward pressure on NTRS stock price.
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IMPORTANCE 90
RELEVANCE 100