The Toronto-Dominion Bank (NYSE:TD) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
The Toronto-Dominion Bank Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.4% to $1.9 in the quarter versus EPS of $1.82 in the year-earlier quarter.
Revenue: Decreased 22.05% to $6 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Toronto-Dominion Bank reported adjusted EPS income of $1.9 per share. By that measure, the company missed the mean analyst estimate of $1.9. It missed the average revenue estimate of $6.07 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…