Ameriprise Finl Q3 Adj $8.83 Misses $8.92 Estimate, Sales $4.56B Beat $4.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ameriprise Financial reported Q3 earnings of $8.83 per share, missing the $8.92 estimate, but sales of $4.56 billion beat the $4.31 billion estimate. Earnings increased by 14.97% and sales by 11.87% compared to last year.
October 23, 2024 | 8:09 pm
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NEUTRAL IMPACT
Ameriprise Financial's Q3 earnings per share missed estimates slightly, but sales exceeded expectations. Both earnings and sales showed significant year-over-year growth.
The slight miss in EPS might concern some investors, but the strong sales beat and significant year-over-year growth in both earnings and sales could offset negative sentiment. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100