BankUnited Q2 EPS $0.72 Beats $0.71 Estimate, Sales $250.21M Beat $243.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
BankUnited (NYSE:BKU) reported Q2 earnings of $0.72 per share, beating the analyst estimate of $0.71. Sales were $250.21 million, surpassing the $243.64 million estimate. Despite the beats, EPS decreased by 7.69% year-over-year.
July 18, 2024 | 10:47 am
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BankUnited reported Q2 earnings of $0.72 per share, beating the analyst estimate of $0.71. Sales were $250.21 million, surpassing the $243.64 million estimate. Despite the beats, EPS decreased by 7.69% year-over-year.
BankUnited's Q2 earnings and sales both beat analyst estimates, which is generally positive for the stock. However, the year-over-year decline in EPS may temper some of the enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100