First American Financial Q1 2024 Adj EPS $0.45 Misses $0.59 Estimate, Sales $1.425B Miss $1.430B Estimate
Portfolio Pulse from Benzinga Newsdesk
First American Financial (NYSE:FAF) reported Q1 2024 adjusted EPS of $0.45, missing the $0.59 estimate, and sales of $1.425B, slightly below the $1.430B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
April 24, 2024 | 8:45 pm
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First American Financial reported a miss in both adjusted EPS and sales for Q1 2024, with a notable year-over-year decline.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment in the short term. This could result in downward pressure on FAF's stock price as the market adjusts to the new information.
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