Camden National Q2 EPS $0.85 Beats $0.80 Estimate, Sales $42.80M Beat $42.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Camden National (NASDAQ:CAC) reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.80 by 6.25%. However, this is a 16.67% decrease from the same period last year. The company also reported quarterly sales of $42.80 million, beating the estimate of $42.23 million by 1.35%, but this is a 10.23% decrease from the same period last year.
July 25, 2023 | 12:15 pm
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NEUTRAL IMPACT
Camden National's Q2 earnings and sales beat estimates but are down from the same period last year. This mixed result could lead to uncertain market reactions.
While beating estimates is generally positive for the stock, the year-on-year decrease in both earnings and sales could be a concern for investors. This mixed result could lead to uncertain market reactions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100