Alerus Finl Q2 EPS $0.45 Beats $0.35 Estimate, Sales $48.01M Miss $48.38M Estimate
Portfolio Pulse from totan@benzinga.com
Alerus Financial Corp. (NASDAQ:ALRS) reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.35 by 28.57%. However, this is a 13.46% decrease from the same period last year. The company's quarterly sales were $48.01 million, missing the analyst consensus estimate of $48.38 million by 0.76%, and marking a 7.67% decrease from the same period last year.
July 26, 2023 | 8:04 pm
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Alerus Financial's Q2 earnings beat estimates but sales missed, and both earnings and sales decreased compared to the same period last year.
Alerus Financial's earnings beat estimates, which is positive for the stock. However, the company missed sales estimates and both earnings and sales decreased compared to the same period last year, which could negatively impact the stock. The net effect is likely to be neutral in the short term.
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IMPORTANCE 80
RELEVANCE 100