Nu Holdings Q2 2024 GAAP EPS $0.10 Beats $0.09 Estimate, Sales $2.80B Miss $2.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nu Holdings (NYSE:NU) reported Q2 2024 earnings per share of $0.10, beating the analyst estimate of $0.09. However, the company's sales of $2.80 billion missed the $2.92 billion estimate. Despite the miss, sales increased by 49.89% year-over-year.
August 13, 2024 | 9:00 pm
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Nu Holdings reported Q2 2024 EPS of $0.10, beating the $0.09 estimate, but sales of $2.80 billion missed the $2.92 billion estimate. Sales increased by 49.89% year-over-year.
While Nu Holdings beat EPS estimates, the miss on sales figures could create mixed reactions in the market. The significant year-over-year sales growth is a positive sign, but the miss on sales expectations may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100