Regions Finl Q2 Adj $0.53 Beats $0.48 Estimate, Sales $1.78B Beat $1.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
Regions Financial (NYSE: RF) reported Q2 earnings of $0.53 per share, beating the analyst estimate of $0.48. Sales were $1.78 billion, also surpassing the $1.76 billion estimate. However, both earnings and sales decreased compared to the same period last year.
July 19, 2024 | 10:06 am
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Regions Financial reported Q2 earnings of $0.53 per share, beating the analyst estimate of $0.48. Sales were $1.78 billion, also surpassing the $1.76 billion estimate. However, both earnings and sales decreased compared to the same period last year.
The positive earnings and sales surprise are likely to boost investor sentiment in the short term, despite the year-over-year decline in both metrics. Beating analyst estimates generally leads to a positive market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100