State Street(NYSE:STT) stock rose by 2.39% on Tuesday after the company reported its Q3 earnings results on Monday, October 18, 2021 at 07:30 AM.
Here’s what investors need to know about the announcement.
Earnings
State Street beat their estimated earnings by 4.17%, which did not surprise analysts.
Revenue was up $206,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18, which was followed by a 2.89% increase in the share price the next day.
Here’s a look at State Street’s past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 1.92 | 1.79 | 1.35 | 1.56 | 1.41 |
| EPS Actual | 2 | 1.97 | 1.47 | 1.69 | 1.45 |
| Price Change % | 2.39% | 2.89% | -7.03% | -2.24% | -0.55% |
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