Union Bankshares Q2 EPS $0.60 Down From $0.65 YoY, Sales $12.10M Up From $11.84M YoY
Portfolio Pulse from Benzinga Newsdesk
Union Bankshares (NASDAQ:UNB) reported Q2 earnings of $0.60 per share, a 7.69% decrease YoY. However, the company's sales increased by 2.23% to $12.10 million compared to the same period last year.
July 19, 2023 | 6:40 pm
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NEUTRAL IMPACT
Union Bankshares reported a decrease in Q2 earnings but an increase in sales YoY. This mixed result could lead to uncertain market reactions.
The decrease in earnings per share indicates a drop in profitability, which could negatively impact the stock price. However, the increase in sales suggests growth, which could have a positive effect. The mixed results make the short-term impact on the stock price uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100