Shinhan Financial Group Q2 2024 GAAP EPS $1.97 Beats $1.84 Estimate, Sales $2.057B Down From $2.837B YoY
Portfolio Pulse from Benzinga Newsdesk
Shinhan Financial Group (NYSE:SHG) reported Q2 2024 earnings per share (EPS) of $1.97, surpassing the analyst consensus estimate of $1.84. However, sales dropped to $2.057 billion, a 27.49% decrease from $2.837 billion in the same period last year.
July 26, 2024 | 11:32 am
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Shinhan Financial Group reported better-than-expected Q2 2024 EPS of $1.97, beating the $1.84 estimate. However, sales declined significantly by 27.49% YoY to $2.057 billion.
While the EPS beat is a positive indicator, the significant YoY decline in sales may concern investors. The mixed results could lead to neutral short-term price movement as the market digests both the positive and negative aspects.
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