Sumitomo Mitsui Finl Gr Q1 EPS $0.36 Beats $0.33 Estimate, Sales $16.19B Down From $16.26B YoY
Portfolio Pulse from Benzinga Newsdesk
Sumitomo Mitsui Financial Group (NYSE: SMFG) reported Q1 earnings of $0.36 per share, beating the analyst estimate of $0.33. This represents a 33.33% increase from last year's $0.27 per share. Sales were $16.19 billion, a slight decrease from $16.26 billion YoY.
August 02, 2024 | 10:22 am
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Sumitomo Mitsui Financial Group reported Q1 earnings of $0.36 per share, beating estimates and showing a significant YoY increase. Sales slightly decreased to $16.19 billion.
The significant beat on EPS and the strong YoY growth in earnings are positive indicators for SMFG's stock price in the short term, despite the slight decrease in sales.
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