CVB Financial Q2 EPS $0.40 Beats $0.38 Estimate, Sales $132.19M Beat $120.23M Estimate
Portfolio Pulse from mahesh@benzinga.com
CVB Financial (NASDAQ:CVBF) reported Q2 earnings of $0.40 per share, beating the analyst consensus estimate of $0.38 by 5.26%. However, this is a 4.76% decrease from the same period last year. The company also reported quarterly sales of $132.19 million, beating the analyst consensus estimate of $120.23 million by 9.95%, but this is a 3.23% decrease from the same period last year.
July 26, 2023 | 8:56 pm
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CVB Financial's Q2 earnings and sales beat analyst estimates but are lower than the same period last year.
While CVB Financial beat analyst estimates for Q2 earnings and sales, the figures are lower than the same period last year, which could have a neutral impact on the stock as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100