HSBC Holdings Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St.08-03

HSBC Holdings (LON:HSBA) Second Quarter 2024 Results Key Financial Results Revenue: US$16.2b (up 13% from 2Q 2023). Net income: US$6.40b (down 3.6% from 2Q 2023). Profit margin: 40% (down from 47% in...

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The decrease in margin was driven by higher expenses.LSE:HSBA Earnings and Revenue Growth August 3rd 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.5%. Earnings per share  also surpassed analyst estimates by 8.0%.Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in the United Kingdom.The company's shares are down 4.3% from a week ago.You should learn about the   2 warning signs  we've spotted with HSBC Holdings .Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HSBC":"汇丰","PU6D.SI":"HSBC ADR 10"},"translate_title":"汇丰控股2024年第二季度盈利：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBC":1,"PU6D.SI":0.9},"content_text":"HSBC Holdings (LON:HSBA) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$16.2b (up 13% from 2Q 2023).\nNet income: US$6.40b (down 3.6% from 2Q 2023).\nProfit margin: 40% (down from 47% in 2Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$0.35.\n\n\n\n\n  LSE:HSBA Earnings and Revenue Growth August 3rd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nHSBC Holdings Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. \n Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in the United Kingdom. \nPerformance of the British Banks industry.\n The company's shares are down 4.3% from a week ago. \nRisk Analysis\n You should learn about the   2 warning signs  we've spotted with HSBC Holdings (including 1 which doesn't sit too well with us). \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. 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