HSBC Holdings Q1 EPS $1.70 Down From $2.60 YoY, Sales $20.75B Up From $20.17B YoY
Portfolio Pulse from Benzinga Newsdesk
HSBC Holdings reported a decrease in Q1 EPS to $1.70 from $2.60 YoY, while sales increased to $20.75B from $20.17B YoY.
April 30, 2024 | 6:48 am
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HSBC Holdings reported a 34.62% decrease in EPS to $1.70 from $2.60 YoY, with a slight sales increase to $20.75B from $20.17B YoY.
The decrease in EPS indicates a drop in profitability which could concern investors, potentially leading to a negative short-term impact on the stock price. However, the increase in sales suggests growth, which might offset some of the negative sentiment. The mixed results lead to a neutral score, as it's uncertain how the market will weigh the decrease in profitability against the sales growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100