Genworth Finl Q1 2024 Adj EPS $0.19 Beats $0.18 Estimate, Sales $1.864B Up From $1.854B YoY
Portfolio Pulse from Benzinga Newsdesk
Genworth Financial (GNW) reported Q1 2024 adjusted EPS of $0.19, surpassing the $0.18 estimate, with sales rising to $1.864B from $1.854B YoY, indicating a 0.54% increase.

May 01, 2024 | 9:40 pm
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Genworth Financial reported a Q1 2024 EPS of $0.19, beating estimates by 5.56% and showing an 11.76% increase YoY. Sales also grew to $1.864B, up 0.54% YoY.
The positive earnings report, with both EPS and sales exceeding expectations and showing year-over-year growth, is likely to instill investor confidence and could lead to a short-term uptick in GNW's stock price. The beat on analyst estimates and the growth in sales, albeit modest, signal operational efficiency and potential for future growth, factors that are typically well-received by the market.
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IMPORTANCE 90
RELEVANCE 100