Finance2 sources

Eternal's Profit Misses Estimates Due to High Delivery Costs

  • Eternal Ltd.'s quarterly profit missed analysts' estimates.
  • Higher spending on rapid delivery to compete with Amazon and Walmart contributed to the shortfall.
  • Union Bank shares increased by 5% following a 30% year-over-year rise in Q2 PAT.
  • Improvement in Union Bank's asset quality also contributed to the share price increase.
  • No further details on future plans or additional impacts were provided.
Eternal's Profit Misses Estimates Due to High Delivery Costs | Split Angle