UPDATE: Western Alliance Q3 GAAP EPS $1.80 Misses $1.89 Estimate, Sales $823.10M Beat $808.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Western Alliance (NYSE:WAL) reported Q3 earnings per share of $1.80, missing the consensus estimate of $1.89, and marking an 8.63% decrease from last year. However, sales of $823.10M beat the estimate of $808.19M, showing a 14.93% increase from the previous year.
October 17, 2024 | 9:43 pm
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Western Alliance's Q3 earnings per share missed estimates, showing a decline from last year, but sales exceeded expectations with a significant year-over-year increase.
The mixed results, with earnings per share missing estimates and declining year-over-year, could put downward pressure on the stock. However, the sales beat and significant increase from last year may offset some negative sentiment, leading to a neutral short-term impact.
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