First Interstate BancSys Q2 EPS $0.65 Misses $0.67 Estimate, Sales $262.50M Miss $271.94M Estimate
Portfolio Pulse from mahesh@benzinga.com
First Interstate BancSys (NASDAQ:FIBK) reported Q2 earnings of $0.65 per share, missing the analyst consensus estimate of $0.67 by 2.99%. The company also reported quarterly sales of $262.50 million, missing the analyst consensus estimate of $271.94 million by 3.47%. This represents a 10.17% increase in earnings but a 9.14% decrease in sales compared to the same period last year.
July 26, 2023 | 8:23 pm
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NEGATIVE IMPACT
First Interstate BancSys reported lower than expected Q2 earnings and sales. This could negatively impact the company's stock in the short term.
First Interstate BancSys reported Q2 earnings and sales that were lower than analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100