Lufax Holding Q1 2024 GAAP Loss Per ADS $(0.21), Sales $964.000M Miss $1.035B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lufax Holding (NYSE:LU) reported a Q1 2024 GAAP loss of $(0.21) per ADS, with sales of $964M missing the $1.035B estimate, a 34.29% decrease from the previous year.
April 22, 2024 | 9:34 pm
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Lufax Holding reported a Q1 2024 GAAP loss per ADS of $(0.21) and sales of $964M, missing estimates and showing a significant year-over-year decline.
The reported loss and missed sales estimates, coupled with a significant year-over-year sales decline, are likely to negatively impact investor sentiment and the stock price of Lufax Holding in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100