Genworth Finl Q2 2024 Adj. EPS $0.28 Beats $0.20 Estimate, Sales $1.769B Down From $1.892B YoY
Portfolio Pulse from Benzinga Newsdesk
Genworth Financial (NYSE:GNW) reported Q2 2024 adjusted EPS of $0.28, beating the analyst estimate of $0.20. However, sales decreased by 6.50% year-over-year to $1.769 billion.
July 31, 2024 | 8:53 pm
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Genworth Financial reported better-than-expected Q2 2024 EPS of $0.28, surpassing the $0.20 estimate. However, sales declined by 6.50% year-over-year to $1.769 billion.
The significant EPS beat is likely to have a positive short-term impact on GNW's stock price, despite the year-over-year decline in sales. Investors often react favorably to earnings beats.
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