Banco De Chile Q1 2024 GAAP EPS $0.66 Beats $0.57 Estimate, Sales $794.500M Miss $849.822M Estimate
Portfolio Pulse from Benzinga Newsdesk
Banco De Chile (NYSE:BCH) reported Q1 2024 earnings of $0.66 per share, surpassing the $0.57 estimate, but sales of $794.5M fell short of the $849.822M forecast, marking a 10.24% decrease from the previous year.
April 30, 2024 | 11:56 am
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Banco De Chile reported higher-than-expected Q1 2024 earnings per share but missed sales estimates, with a significant year-over-year decline.
The mixed results with an earnings beat but a miss on sales forecasts and a notable year-over-year sales decline could lead to neutral short-term stock price movement. Investors may weigh the positive earnings surprise against the sales miss and decreased sales performance compared to the previous year.
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RELEVANCE 100