City Holding Q2 EPS $2.16 Beats $1.89 Estimate, Sales $75.80M Beat $72.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
City Holding (NASDAQ:CHCO) reported Q2 earnings of $2.16 per share, beating the analyst consensus estimate of $1.89 by 14.29%. This is a 43.05% increase from the same period last year. The company also reported quarterly sales of $75.80 million, beating the analyst consensus estimate of $72.66 million by 4.32%. This is a 28.17% increase from the same period last year.
July 25, 2023 | 12:31 pm
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POSITIVE IMPACT
City Holding's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
City Holding's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price. The significant increase in earnings and sales from the same period last year further strengthens this positive outlook.
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