East West Bancorp Q1 2024 Adj EPS $2.08 Beats $2.00 Estimate, Sales $565.139M Miss $581.099M Estimate
Portfolio Pulse from Benzinga Newsdesk
East West Bancorp (EWBC) reported Q1 2024 adjusted EPS of $2.08, surpassing the $2.00 estimate, but its sales of $565.139M fell short of the $581.099M forecast, marking a 5.79% decrease from the previous year.
April 23, 2024 | 8:17 pm
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East West Bancorp reported higher-than-expected Q1 2024 earnings per share but missed sales estimates, with a year-over-year decline.
The mixed results with an earnings beat but a miss on sales forecasts and a year-over-year sales decline could lead to neutral market sentiment. Investors might weigh the positive earnings surprise against the sales miss and decreased sales performance compared to the previous year.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100