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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 5.41B | 5.2% |
| Gross Profit | 2.05B | 13.4% |
| Cost of Revenue | 3.36B | 0.7% |
| Operating expense | 329M | 4.6% |
| Net Income | 1.48B | 11.1% |
| EBITDA | 1.76B | 64.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 557B | 1.7% |
| Total Liabilities | 504B | 2.1% |
| Total Equity | 52.6B | 2.5% |
| Shares Outstanding | 400M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.04B | 41.1% |
| Cash from investing | -220M | 96.5% |
| Cash from financing | -11.3B | 411.4% |
EPS
Financial Highlights for PNC in Q2 '24
PNC reported a revenue of 5.41B, which is a 5.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.05B, marking a 13.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.36B, a 0.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 329M, showing a -4.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.48B, showing a 11.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.76B, showing a -64.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for PNC with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
