Univest Financial Q2 Adj EPS $0.61 Beats $0.57 Estimate, Sales $74.16M Miss $75.90M Estimate
Portfolio Pulse from totan@benzinga.com
Univest Financial reported Q2 earnings of $0.61 per share, beating the analyst consensus estimate of $0.57 by 7.02%. However, the company's quarterly sales of $74.16 million missed the analyst consensus estimate of $75.90 million by 2.29%. This represents a 35.56% increase in earnings and a 5.24% increase in sales compared to the same period last year.
July 26, 2023 | 8:25 pm
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NEUTRAL IMPACT
Univest Financial's Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Univest Financial's earnings beat could be seen as a positive sign of the company's profitability. However, the sales miss might raise concerns about the company's revenue generation capabilities. This mixed performance could lead to uncertainty among investors, potentially impacting the stock price.
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