CNB Financial Q2 EPS $0.61 Misses $0.64 Estimate, Sales $47.26M Beat $47.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNB Financial (NASDAQ:CCNE) reported Q2 earnings of $0.61 per share, missing the analyst consensus estimate of $0.64 by 4.69%. This is a 28.24% decrease from the same period last year. However, the company reported quarterly sales of $47.26 million, beating the analyst consensus estimate of $47.15 million by 0.23%. This is a 2.07% increase from the same period last year.
July 20, 2023 | 8:38 pm
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CNB Financial's Q2 earnings per share missed the analyst estimate, indicating a potential negative impact on the stock. However, the company beat sales estimates, which could offset some of the negative impact.
CNB Financial's earnings miss could lead to a negative sentiment among investors, potentially driving the stock price down. However, the company's sales beat could provide some positive sentiment, potentially offsetting some of the negative impact.
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