Credit Suisse Group Earnings: Here’s Why Shares are Down Now

Credit Suisse Group (NYSE:CS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.43%.

Credit Suisse Group Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 23.53% to $0.52 in the quarter versus EPS of $0.68 in the year-earlier quarter.

Revenue: Decreased 43.12% to $7.03 billion from the year-earlier quarter.

Key Stats (on next page)…

Revenue decreased 34.62% from $10.75 billion in the previous quarter. EPS increased 225% from $0.16 in the previous quarter.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]