Lincoln National Q3 2024 Adj. EPS $2.06 Beats $1.62 Estimate, Sales $4.111B Miss $4.616B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lincoln National reported Q3 2024 earnings per share of $2.06, surpassing the analyst estimate of $1.62. However, sales were $4.111 billion, falling short of the $4.616 billion estimate and down 2.19% from the previous year.
October 31, 2024 | 10:02 am
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Lincoln National's Q3 2024 earnings per share exceeded expectations, but sales fell short and decreased year-over-year.
The positive EPS surprise suggests operational efficiency or cost management, which is favorable. However, the sales miss and year-over-year decline indicate potential challenges in revenue generation. These mixed results may lead to neutral short-term stock movement as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100