Investors Ride 3 Earnings Rollercoaster Rides
Royal Bank of Canada (NYSE:RY) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 12.17% to $1.29 in the quarter versus EPS of $1.15 in the year-earlier quarter. Revenue Decreased 15.23% to $7.77 billion from the year-earlier quarter.
Royal Bank of Canada reported adjusted EPS income of $1.29 per share. By that measure, the company missed the mean analyst estimate of $1.3. It missed the average revenue estimate of $7.87 billion.