Raymond James Finl Q2 2024 Adj EPS $2.31, Inline, Sales $3.120B Miss $3.143B Estimate
Portfolio Pulse from Benzinga Newsdesk
Raymond James Financial (RJF) reported Q2 2024 adjusted earnings of $2.31 per share, meeting analyst estimates, but missed revenue expectations with $3.120 billion against a $3.143 billion forecast. This represents an 8.60% increase in sales compared to the same period last year.
April 24, 2024 | 8:16 pm
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Raymond James Financial reported Q2 2024 adjusted EPS of $2.31, in line with estimates, but missed revenue forecasts with $3.120 billion versus the expected $3.143 billion.
Meeting EPS estimates typically indicates financial stability, but missing revenue forecasts can signal potential challenges in growth or operational efficiency. The slight miss in revenue might not heavily impact investor sentiment in the short term due to the close margin and the positive year-over-year sales growth.
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