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Popular, Inc. Message Board

  • popa1717 popa1717 Jul 18, 2012 2:44 PM Flag

    EPS ?

    Any insights on why BPOP fell today if they delivered over wall street expectations ?

    "Popular earned $64.8 million, or 63 cents per share, for the period ended June 30. That compares with $109.8 million, or $1.07 per share, a year ago"

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    • wondering too what is the things that justify today's 9.2% drop.

    • Popular Inc.'s (BPOP) second-quarter profit fell 41% as loan loss provisions declined and the Puerto Rican bank faced a tough comparison with a year-earlier period buoyed by a tax benefit.
      Popular has lately made progress in healing its portfolio of bad loans, but continues to face difficulties as Puerto Rico struggles to recover from a long recession. At the end of April, Popular's shareholders approved a one-for-10 reverse stock split in an effort to boost its stock price, which had encountered difficulty staying above $2 a share since August.
      Popular reported a profit of $65.7 million, compared with a year-earlier profit of $110.7 million that included a $59.6 million tax benefit. Per-share earnings, which reflect the payment of preferred dividends, came in at 63 cents versus $1.07 a year earlier.
      Revenue, as a combination of net interest income and noninterest income, decreased 13% to $434.9 million.
      Analysts polled by Thomson Reuters expected earnings of 41 cents a share on revenue of $447 million.
      Loan loss provisions fell to $119.2 million from $144.3 million a year earlier.
      Shares closed at $16.30 Tuesday and were inactive premarket. Through Tuesday's close the stock is up 37% so far this year.

 
BPOP
29.59-0.16(-0.55%)10:02 AMEDT