Standard Chartered PLC Misses On Revenues, Impairments – ValueWalk Premium
Standard Chartered

Standard Chartered PLC Misses On Revenues, Impairments

Standard Chartered PLC (LON:STAN) (LON:STAC) missed net income estimates by 3% and pre-tax profit estimates by 6% in its 2013FY earnings report as revenues came in 2% below estimates and impairments came in 12% worse than expected, partially offset by costs that were 3% better than expected. Even though 1H14 already looks better than 2H13, STAN has offered ‘modest growth’ as guidance for the rest of the year.

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