Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.43B | 0.4% |
| Gross Profit | 2.11B | 2.5% |
| Cost of Revenue | 3.33B | 0.9% |
| Operating expense | 327M | 0.6% |
| Net Income | 1.51B | 1.9% |
| EBITDA | 1.8B | 2.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 565B | 1.5% |
| Total Liabilities | 509B | 1.1% |
| Total Equity | 55.7B | 5.8% |
| Shares Outstanding | 399M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 3.29B | 217.6% |
| Cash from investing | -3.78B | 1619.1% |
| Cash from financing | 2.4B | 121.3% |
EPS
Financial Highlights for PNC in Q3 '24
PNC reported a revenue of 5.43B, which is a 0.4% 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 2.11B, marking a 2.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.33B, a -0.9% 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 327M, showing a -0.6% 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 1.51B, showing a 1.9% 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 1.8B, showing a 2.1% 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.
