Bank of Nova Scotia Q2 2024 Adj EPS C$1.58 Beats C$1.56 Estimate, Sales C$8.347 Miss C$8.256B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Nova Scotia reported its Q2 2024 adjusted EPS of C$1.58, beating the estimate of C$1.56. However, its sales of C$8.347 billion missed the estimate of C$8.256 billion.
May 28, 2024 | 10:06 am
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Bank of Nova Scotia's Q2 2024 adjusted EPS of C$1.58 beat estimates, but sales of C$8.347 billion missed expectations. This mixed result may lead to short-term volatility in the stock price.
The beat on EPS is a positive sign, indicating better-than-expected profitability. However, the miss on sales could raise concerns about revenue growth. These mixed results are likely to cause short-term volatility as investors digest the news.
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