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Royal Bank of Canada RY reported its Q3 earnings results on Wednesday, August 24, 2022 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Royal Bank of Canada missed estimated earnings by 27.24%, reporting an EPS of $1.95 versus an estimate of $2.68.
Revenue was down $927.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.25 which was followed by a 2.33% increase in the share price the next day.
Here’s a look at Royal Bank of Canada’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.09 | 2.14 | 2.21 | 1.61 |
| EPS Actual | 2.34 | 2.28 | 2.13 | 2.44 |
| Revenue Estimate | 9.41B | 9.50B | 9.49B | 8.05B |
| Revenue Actual | 8.86B | 10.36B | 9.85B | 10.36B |
To track all earnings releases for Royal Bank of Canada visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.