National Bank of Canada Q2 2024 Adj EPS C$2.54 Beats C$2.45 Estimate, Sales C$2.750B Miss C$2.791B Estimate
Portfolio Pulse from Benzinga Newsdesk
National Bank of Canada (OTC:NTIOF) reported Q2 2024 adjusted EPS of C$2.54, beating the estimate of C$2.45, but sales of C$2.750 billion missed the estimate of C$2.791 billion.
May 29, 2024 | 10:46 am
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National Bank of Canada reported Q2 2024 adjusted EPS of C$2.54, beating the estimate of C$2.45 by 3.67%. However, sales of C$2.750 billion missed the estimate of C$2.791 billion by 1.47%.
The positive EPS surprise is likely to have a more significant short-term impact on the stock price than the slight miss in sales. Investors often react more strongly to earnings beats.
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