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] wallstcheatsheet.com)