FB Financial Q2 EPS $0.77 Beats $0.65 Estimate, Sales $125.70M Miss $128.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
FB Financial (NYSE:FBK) reported Q2 earnings of $0.77 per share, beating the analyst consensus estimate of $0.65 by 18.46%. However, the company's quarterly sales of $125.70 million missed the analyst consensus estimate of $128.28 million by 2.01%. This represents a 9.09% decrease over sales from the same period last year.
July 17, 2023 | 8:17 pm
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FB Financial's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
FB Financial's earnings beat estimates, which is typically positive for the stock. However, the company's sales missed estimates, which is typically negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
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