Bar Harbor Bankshares Q2 EPS $0.71 Beats $0.68 Estimate, Sales $37.77M Beat $37.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bar Harbor Bankshares reported Q2 earnings of $0.71 per share, beating the analyst consensus estimate of $0.68 by 4.41%. This is a 1.43% increase over earnings of $0.70 per share from the same period last year. The company also reported quarterly sales of $37.77 million, beating the analyst consensus estimate of $37.51 million by 0.69%. This is a 6.45% increase over sales of $35.48 million the same period last year.
July 20, 2023 | 8:22 pm
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Bar Harbor Bankshares reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
Companies that report earnings and sales above analyst estimates typically see a positive reaction in their stock price as this indicates better than expected financial performance. Therefore, Bar Harbor Bankshares' stock price is likely to increase in the short term.
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