Bread Finl Hldgs Q3 Adj $1.84 Misses $1.86 Estimate, Sales $983.00M Beat $981.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bread Financial Holdings reported Q3 earnings of $1.84 per share, missing the $1.86 estimate, and sales of $983 million, beating the $981.28 million estimate. Earnings decreased by 46.82% from last year, while sales decreased by 4.66%.
October 24, 2024 | 10:58 am
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Bread Financial Holdings reported Q3 earnings of $1.84 per share, missing the $1.86 estimate, and sales of $983 million, beating the $981.28 million estimate. Earnings decreased by 46.82% from last year, while sales decreased by 4.66%.
The earnings miss, despite a slight beat in sales, is likely to negatively impact BFH's stock price in the short term. The significant year-over-year decrease in earnings further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100