UBS Gr Q2 2024 GAAP EPS $0.34 Beats $0.12 Estimate, Sales $11.904B Beat $11.295B Estimate
Portfolio Pulse from Benzinga Newsdesk
UBS Group (NYSE:UBS) reported Q2 2024 earnings per share (EPS) of $0.34, significantly beating the analyst consensus estimate of $0.12. The company also reported quarterly sales of $11.904 billion, surpassing the estimate of $11.295 billion. Despite the strong performance, EPS decreased by 96% compared to the same period last year.
August 14, 2024 | 6:31 am
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UBS Group reported Q2 2024 EPS of $0.34, beating the analyst estimate of $0.12 by 183.33%. Quarterly sales of $11.904 billion also exceeded expectations. Despite the strong performance, EPS decreased by 96% compared to the same period last year.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on UBS's stock price. However, the 96% YoY decrease in EPS may temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100