Associated Banc Q2 EPS $0.56 Misses $0.59 Estimate, Sales $324.00M Miss $332.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Associated Banc (NYSE:ASB) reported Q2 earnings of $0.56 per share, missing the analyst consensus estimate of $0.59 by 5.08%. The company also reported quarterly sales of $324.00 million, missing the analyst consensus estimate of $332.80 million by 2.64%. However, this represents an 11.11% increase over sales of $291.60 million the same period last year.
July 20, 2023 | 8:18 pm
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Associated Banc's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Associated Banc's earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This could lead to a short-term decrease in the stock price. However, the YoY increase in sales might mitigate some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100