Northwest Bancshares Q2 EPS $0.26, Inline, Sales $108.55M Miss $110.58M Estimate
Portfolio Pulse from Happy Mohamed
Northwest Bancshares (NASDAQ:NWBI) reported Q2 earnings of $0.26 per share, in line with analyst consensus. However, the company's quarterly sales of $108.55 million missed the analyst consensus estimate of $110.58 million by 1.84 percent. This is an 8.26 percent increase over sales of $100.27 million the same period last year.
July 24, 2023 | 1:03 pm
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Northwest Bancshares' Q2 earnings met expectations, but sales fell short of estimates. This could potentially impact investor sentiment.
Northwest Bancshares' Q2 earnings were in line with expectations, which is positive. However, the company's sales missed estimates, which could negatively impact the stock in the short term as it indicates potential issues with revenue growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100