Webster Finl Q2 Adj $1.26 Misses $1.34 Estimate, Sales $572.30M Miss $589.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Webster Financial (NYSE: WBS) reported Q2 earnings of $1.26 per share, missing the analyst estimate of $1.34. Sales were $572.30M, also below the $589.41M estimate. Both earnings and sales decreased compared to the same period last year.
July 23, 2024 | 11:34 am
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Webster Financial reported Q2 earnings and sales that missed analyst estimates. Earnings per share were $1.26, below the $1.34 estimate, and sales were $572.30M, below the $589.41M estimate. Both metrics also showed a year-over-year decline.
The missed earnings and sales estimates, along with year-over-year declines, are likely to negatively impact Webster Financial's stock price in the short term.
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