East West Bancorp Q2 2024 Adj EPS $2.07 Beats $1.97 Estimate, Sales $553.229M Miss $554.958M Estimate
Portfolio Pulse from Benzinga Newsdesk
East West Bancorp (NASDAQ:EWBC) reported Q2 2024 adjusted EPS of $2.07, beating the estimate of $1.97. However, sales of $553.229 million missed the estimate of $554.958 million and decreased by 2.39% year-over-year.
July 23, 2024 | 8:11 pm
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East West Bancorp's Q2 2024 earnings per share (EPS) of $2.07 beat the analyst estimate of $1.97, but sales of $553.229 million missed the estimate of $554.958 million and decreased by 2.39% year-over-year.
The positive EPS surprise is offset by the slight miss in sales and the year-over-year decline in revenue. This mixed result is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100