Banco Santander Q2 2024 GAAP EPS $0.22 Beats $0.16 Estimate, Sales $3.825B Beat $3.556B Estimate
Portfolio Pulse from Benzinga Newsdesk
Banco Santander (NYSE:BSBR) reported Q2 2024 earnings of $0.22 per share, beating the analyst estimate of $0.16. Sales were $3.825 billion, surpassing the $3.556 billion estimate. Despite the positive earnings, sales decreased by 66.65% compared to the same period last year.
July 24, 2024 | 12:17 pm
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Banco Santander reported Q2 2024 earnings of $0.22 per share, beating the $0.16 estimate. Sales were $3.825 billion, exceeding the $3.556 billion estimate. However, sales decreased by 66.65% YoY.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on BSBR's stock price. However, the significant YoY sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100