NatWest Group Q2 GAAP EPS $0.34 Beats $0.24 Estimate, Sales $4.62B Down From $4.82B YoY
Portfolio Pulse from Benzinga Newsdesk
NatWest Group (NYSE:NWG) reported Q2 earnings of $0.34 per share, beating the analyst estimate of $0.24. This represents a 21.43% increase from last year's $0.28 per share. However, sales decreased by 4.21% to $4.62 billion from $4.82 billion YoY.
July 26, 2024 | 10:49 am
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NatWest Group reported Q2 earnings of $0.34 per share, beating estimates by 41.67%. However, sales decreased by 4.21% YoY to $4.62 billion.
The significant beat on EPS is likely to have a positive short-term impact on the stock price, despite the YoY decline in sales. Investors often react more strongly to earnings beats.
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