Unum Gr Q1 2024 Adj EPS $2.12 Beats $1.97 Estimate, Sales $3.200B Miss $3.208B Estimate
Portfolio Pulse from Benzinga Newsdesk
Unum Group (UNM) reported Q1 2024 adjusted EPS of $2.12, surpassing the $1.97 estimate, marking a 13.37% year-over-year increase. However, their sales of $3.200B slightly missed the $3.208B estimate, though it represents a 5.40% increase from the previous year.
April 30, 2024 | 8:45 pm
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Unum Group reported a strong Q1 2024 with EPS of $2.12, beating estimates, and a slight miss in sales at $3.200B versus the $3.208B estimate.
The positive earnings surprise, with a 13.37% increase in EPS year-over-year, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in UNM's stock price. The slight miss in sales might temper some of the enthusiasm, but the overall positive earnings report and year-over-year sales growth suggest a bullish outlook for the short term.
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