Central Pacific Financial Q2 EPS $0.53, Inline, Sales $52.70M Miss $53.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Pacific Financial (NYSE:CPF) reported Q2 earnings of $0.53 per share, in line with analyst consensus. This is a 17.19% decrease from the same period last year. The company's quarterly sales were $52.70 million, missing the analyst consensus of $53.49 million by 1.48%, a 0.52% decrease from last year.
July 26, 2023 | 10:31 am
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Central Pacific Financial's Q2 earnings met expectations but sales missed estimates. This could potentially impact the company's stock negatively in the short term.
Central Pacific Financial's earnings were in line with expectations, which is generally positive for the stock. However, the company's sales missed estimates, which is typically seen as a negative by the market. The decrease in earnings and sales compared to the same period last year could also be viewed negatively by investors.
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IMPORTANCE 80
RELEVANCE 100