First Financial Bancor Q2 EPS $0.72 Beats $0.69 Estimate, Sales $212.49M Miss $212.94M Estimate
Portfolio Pulse from totan@benzinga.com
First Financial Bancor (NASDAQ:FFBC) reported Q2 earnings of $0.72 per share, beating the analyst consensus estimate of $0.69 by 4.35%. However, the company's quarterly sales of $212.49 million missed the analyst consensus estimate of $212.94 million by 0.21%. The earnings and sales represent a 28.57% and 27.25% increase respectively from the same period last year.
July 20, 2023 | 8:17 pm
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NEUTRAL IMPACT
First Financial Bancor's Q2 earnings beat estimates but sales missed. This mixed result could lead to a neutral short-term impact on the stock.
First Financial Bancor's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could offset the positive impact of the earnings beat. Therefore, the short-term impact on the stock is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100