U.S. Bancorp Q3 2024 GAAP EPS $1.03 Beats $0.99 Estimate, Sales $6.864B Miss $6.895B Estimate
Portfolio Pulse from Benzinga Newsdesk
U.S. Bancorp reported Q3 2024 earnings per share of $1.03, surpassing the analyst estimate of $0.99. However, its sales of $6.864 billion fell short of the expected $6.895 billion, marking a 1.94% decline from the previous year.
October 16, 2024 | 10:47 am
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U.S. Bancorp's Q3 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed financial performance.
The EPS beat suggests strong profitability, which is positive for the stock. However, the sales miss and year-over-year decline indicate potential challenges in revenue growth, balancing the overall impact.
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