Popular (BPOP) Misses Q1 Earnings Estimates

Popular (BPOP) came out with quarterly earnings of $1.87 per share, missing the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $2.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.59%. 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 $1.05 per share when it actually produced earnings of $1.94, delivering a ...