Brighthouse Finl Q1 2024 Adj EPS $4.25 Beats $3.87 Estimate, Sales $2.037B Miss $2.143B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brighthouse Financial (BHF) reported Q1 2024 adjusted EPS of $4.25, surpassing the $3.87 estimate, marking a 48.6% increase from the previous year. However, their sales of $2.037B fell short of the $2.143B estimate, despite being a 4.19% increase from last year.
May 07, 2024 | 8:27 pm
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Brighthouse Financial reported a significant earnings beat with a 48.6% increase in EPS, but sales missed estimates despite a year-over-year increase.
The significant beat on the EPS estimate is likely to positively impact investor sentiment and BHF's stock price in the short term. However, the miss on sales estimates could temper some of the enthusiasm, making the overall impact positive but with caution due to mixed results.
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