First Horizon Q2 2024 Sales $815.000M Miss $822.032M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Horizon (NYSE:FHN) reported Q2 2024 sales of $815 million, missing the analyst consensus estimate of $822.032 million by 0.86%. This represents a 20.95% decrease from the same period last year.
July 17, 2024 | 10:33 am
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NEGATIVE IMPACT
First Horizon reported Q2 2024 sales of $815 million, missing the analyst consensus estimate of $822.032 million by 0.86%. This represents a 20.95% decrease from the same period last year.
The miss on sales estimates and significant year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100