Banco De Chile Q2 2024 GAAP EPS $0.68 Misses $0.74 Estimate, Sales $818.000M Beat $799.386M Estimate
Portfolio Pulse from Benzinga Newsdesk
Banco De Chile (NYSE:BCH) reported Q2 2024 earnings per share of $0.68, missing the analyst estimate of $0.74. However, sales of $818 million beat the estimate of $799.386 million. Both earnings and sales showed a decline compared to the same period last year.
July 30, 2024 | 11:27 am
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Banco De Chile reported Q2 2024 EPS of $0.68, missing the $0.74 estimate, and sales of $818M, beating the $799.386M estimate. Both metrics declined YoY.
The miss on EPS is likely to negatively impact the stock price in the short term, despite the sales beat. The year-over-year decline in both earnings and sales adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100