Banco Santander Q1 2024 GAAP EPS $0.18 Misses $0.19 Estimate, Sales $16.703B Up From $14.942B YoY
Portfolio Pulse from Benzinga Newsdesk
Banco Santander reported Q1 2024 GAAP EPS of $0.18, missing the $0.19 estimate, but showed a 12.5% increase over the previous year's earnings. Sales rose to $16.703B, up 11.79% YoY from $14.942B.

April 30, 2024 | 10:24 am
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Banco Santander's Q1 2024 earnings missed estimates slightly but showed significant sales growth YoY.
While the slight miss in EPS might concern some investors, the substantial year-over-year sales growth could offset negative sentiment. The miss is narrow, suggesting that the company's overall financial health remains strong, which might keep the stock stable in the short term.
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