Genworth Financial shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results and a year-over-year increase in Q1 sales results.
Portfolio Pulse from Benzinga Newsdesk
Genworth Financial's shares surged following the announcement of their Q1 adjusted EPS results, which exceeded expectations, alongside a year-over-year increase in Q1 sales.
May 02, 2024 | 3:05 pm
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Genworth Financial reported better-than-expected Q1 adjusted EPS and a year-over-year increase in Q1 sales, leading to a surge in its share price.
The positive earnings report, particularly the better-than-expected adjusted EPS and the increase in sales year-over-year, typically leads to increased investor confidence and demand for the stock, driving up its price in the short term.
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