Old Second Bancorp Q2 Adj EPS $0.56 Beats $0.53 Estimate, Sales $71.80M Miss $74.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Second Bancorp (NASDAQ:OSBC) reported Q2 adjusted earnings of $0.56 per share, beating the analyst consensus estimate of $0.53 by 5.66%. However, the company's quarterly sales of $71.80 million missed the analyst consensus estimate of $74.31 million by 3.37%. The earnings represent an 80.65% increase from the same period last year, while the sales represent a 31.81% increase.
July 19, 2023 | 9:00 pm
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Old Second Bancorp's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Old Second Bancorp's earnings beat the estimates, which is a positive signal for the stock. However, the company's sales missed the estimates, which could negatively impact the stock. The net effect could be neutral in the short term.
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