Ally Financial Q2 2024 Adj EPS $0.97 Beats $0.64 Estimate, Adj. Revenue $2.042B Beat $2.030B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ally Financial (NYSE: ALLY) reported Q2 2024 adjusted EPS of $0.97, beating the $0.64 estimate by 51.56%. Adjusted revenue was $2.042 billion, slightly above the $2.030 billion estimate but down 1.16% from the same period last year.
July 17, 2024 | 11:29 am
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Ally Financial reported strong Q2 2024 earnings with an adjusted EPS of $0.97, significantly beating the $0.64 estimate. Revenue was $2.042 billion, slightly above the $2.030 billion estimate but down 1.16% year-over-year.
The significant beat on EPS indicates strong profitability, which is likely to positively impact the stock price in the short term. The slight revenue beat and year-over-year decline are less impactful but still relevant.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100