Commerce Bancshares Q2 EPS $1.02 Beats $0.94 Estimate, Sales $397.14M Beat $391.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Commerce Bancshares (NASDAQ:CBSH) reported Q2 earnings of $1.02 per share, beating the analyst consensus estimate of $0.94 by 8.51%. This is a 10.87% increase from the same period last year. The company also reported quarterly sales of $397.14 million, beating the analyst consensus estimate of $391.11 million by 1.54%. This is a 6.81% increase from the same period last year.
July 19, 2023 | 10:02 am
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POSITIVE IMPACT
Commerce Bancshares reported better than expected Q2 earnings and sales, which could positively impact its stock price.
Commerce Bancshares reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to an increase in the company's stock price as it indicates strong financial health and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100