Lloyds Banking Group Q2 EPS $0.08, Same YoY, Sales $3.79B Down From $5.63B YoY
Portfolio Pulse from Benzinga Newsdesk
Lloyds Banking Group (NYSE:LYG) reported Q2 earnings per share of $0.08, unchanged from last year. However, sales dropped significantly by 32.74% to $3.79 billion from $5.63 billion in the same period last year.
July 25, 2024 | 12:35 pm
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Lloyds Banking Group reported Q2 EPS of $0.08, unchanged YoY, but sales fell by 32.74% to $3.79 billion. This significant drop in sales could negatively impact investor sentiment.
While the EPS remained unchanged, the significant drop in sales by 32.74% is likely to concern investors, potentially leading to a short-term decline in the stock price.
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