Deutsche Bank Q2 2024 GAAP EPS €(0.28) Misses €(0.14) Estimate, Sales €7.589B Beat €7.510B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank (NYSE:DB) reported a Q2 2024 GAAP EPS of €(0.28), missing the €(0.14) estimate, and a 247.37% decrease from last year's €0.19 EPS. However, sales were €7.589B, beating the €7.510B estimate and showing a 2.43% increase from last year's €7.409B.
July 24, 2024 | 5:29 am
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Deutsche Bank's Q2 2024 earnings report showed a significant EPS miss and a large year-over-year decrease in earnings, but sales slightly beat expectations and increased from last year.
The significant miss on EPS and the large year-over-year decrease in earnings are likely to negatively impact investor sentiment and the stock price in the short term, despite the slight beat in sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100