Huntington Bancshares Q1 2024 Sales $1.754B Beat $1.744B Estimate
Portfolio Pulse from Benzinga Newsdesk
Huntington Bancshares (HBAN) reported Q1 2024 sales of $1.754 billion, surpassing the consensus estimate of $1.744 billion by 0.57%. However, this represents an 8.69% decrease from the $1.921 billion sales reported in the same period last year.
April 19, 2024 | 10:38 am
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NEUTRAL IMPACT
Huntington Bancshares reported higher than expected Q1 2024 sales but saw a decrease compared to last year.
While HBAN's sales exceeded analyst expectations, the year-over-year decrease could concern investors about growth prospects. The mixed results may lead to neutral short-term stock movement as the market digests both the positive beat and the negative growth trend.
CONFIDENCE 90
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RELEVANCE 100