Washington Federal Q2 Adj EPS $0.73 Beats $0.60 Estimate, Sales $171.99M Beat $151.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Washington Federal (NASDAQ:WAFD) reported Q2 adjusted EPS of $0.73, surpassing the $0.60 estimate, with sales of $171.99M also beating the $151.64M estimate. Despite these beats, both earnings and sales saw a decrease compared to the same period last year.
April 23, 2024 | 4:59 am
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Washington Federal reported a strong Q2 with earnings and sales surpassing estimates, indicating robust performance despite a year-on-year decline.
Beating both earnings and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-on-year decline in both metrics may temper some of the positive impact.
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