Popular (BPOP) Lags Q3 Earnings and Revenue Estimates

Popular (BPOP) came out with quarterly earnings of $2.16 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.30%. A quarter ago, it was expected that this company that runs Banco Popular and other banks in Puerto Rico and the U.S. Would post earnings of $2.08 per share when it actually produced earnings of $2.46, delivering a ...