Citizens Financial Q3 EPS Tops Estimates as Revenue Misses
Citizens Financial Group reported third-quarter earnings of $1.41 per share, above the $1.38 analyst consensus. Revenue was $2.322 billion, below the $2.336 billion consensus.
U.S. stocks traded lower midway through trading, with the S&P 500 falling around 1% on Friday. The Dow traded down 0.45% to 51,943.95 while the NASDAQ fell 1.86% to 26,216.32. The S&P 500 also fell, dropping, 1.00% to 7,666.71.
Leading and Lagging Sectors Energy shares jumped by 1.7% on Friday. In trading on Friday, communication services stocks fell by 2.2%. Top Headline Citizens Financial Group (NYSE: CFG ) reported better-than-expected earnings for the third quarter. The company posted quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.38 per share.
The company reported quarterly sales of $2.322 billion which missed the analyst consensus estimate of $2.336 billion. Equities Trading UP Sangrix Inc ( NASDAQ: SGRX ) shares shot up 23% to $0.84 after the company announced November 2026 delivery schedule for 128-GPU NVIDIA Blackwell B300 project in Malaysia. Shares of Zenta Group Co Ltd (NASDAQ: ZTG ) got a boost, surging 30% to $0.80 after the company announced its subsidiary ZentoAI has executed a binding MOU to acquire a controlling stake in a privately held digital technology service provider in mainland China. Strata Critical Medical Inc ( NASDAQ: SRTA ) shares were also up, gaining 7% to $4.65.
Strata Critical Medical 13D filing showed Third Point reported a 5.8% stake in the company as of Oct. 13. Equities Trading DOWN Fractyl Health (NASDAQ: GUTS ) shares dipped 46% to $2.24 despite meeting a key REMAIN-1 endpoint, with the second co-primary endpoint and 12-month results expected in 2027. Shares of MDxHealth SA ( NASDAQ: MDXH ) were down 54% to $0.28 after the company announced preliminary third-quarter revenue and suspended its full-year 2026 revenue guidance of $110 million-$115 million.
Fox Factory Holding Corp ( NASDAQ: FOXF ) was down, falling 15% to $15.82 after the company reported preliminary third-quarter results below guidance and cut its fiscal 2026 outlook. Commodities In commodity news, oil traded up 3% to $100.87 while gold traded up 0.3% at $4,181.80. Silver traded up 0.4% to $57.370 on Friday, while copper rose 0.9% to $6.6145. Euro zone European shares were higher today.
The eurozone’s STOXX 600 gained 0.8%, while Spain’s IBEX 35 Index rose 0.9%, London’s FTSE 100 rose 0.4%, Germany’s DAX jumped 1.2%, while France’s CAC 40 gained 0.4%. Asia Pacific Markets Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 1.39%, Hong Kong’s Hang Seng Index rising 0.52%, China’s SSE Composite Index gaining 0.24% and India’s BSE Sensex surging 0.56%. Economics The New York Fed’s Services Business Activity Index dipped to -20.7 in October from -8.7 in the previous month, recording its weakest level since March. U.S.
export prices surged 2.2% in September, recording the largest monthly gain since April, following a 1.2% rise in August. U.S. import prices rose by 1.1% month-over-month in September, above market estimates of a 0.8% gain. U.S.
industrial production climbed 0.7% month-over-month in September, the most in five months and versus market estimates of 0.4%. Photo via Shutterstock