Truist Finl Q3 Adj $0.97 Beats $0.91 Estimate, Sales $5.14B Beat $5.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Truist Financial (NYSE:TFC) reported Q3 earnings of $0.97 per share, surpassing the $0.91 estimate, and sales of $5.14 billion, exceeding the $5.09 billion estimate. Despite beating estimates, sales decreased by 10.28% compared to last year.
October 17, 2024 | 10:06 am
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Truist Financial's Q3 earnings and sales beat analyst estimates, with EPS at $0.97 and sales at $5.14 billion. However, sales decreased by 10.28% year-over-year.
Truist Financial's earnings and sales exceeded analyst expectations, which is typically positive for stock prices. However, the year-over-year sales decline may temper investor enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100