Published on 30 Apr 2024 on GuruFocus.com via Yahoo Finance
Equitable Holdings Inc (EQH) Reports Mixed Q1 2024 Results: Earnings Surpass Estimates but Net ...
Net Income: Reported at $114 million, falling short of the estimated $450.32 million.Earnings Per Share (EPS): Actual EPS was $0.30, significantly below the estimated $1.33.Revenue: Specific revenue figures for the quarter were not disclosed, making it impossible to compare with the estimated $3719.40 million.Non-GAAP Operating Earnings: Reached $490 million, with EPS at $1.43, surpassing the quarterly EPS estimate of $1.33.Asset Management: Experienced positive net inflows of $3.7 billion, indicating strong demand in Retail and Private Wealth channels.Shareholder Returns: Returned $326 million to shareholders during the quarter, aligning with the target payout ratio of 60-70%.Total Assets Under Management/Administration (AUM/A): Increased to $974 billion, up 13% year-over-year, driven by market performance.
Warning! GuruFocus has detected 9 Warning Signs with EQH.
