First Internet Q2 EPS $0.44 Beats $0.38 Estimate
Portfolio Pulse from Bill Haddad
First Internet (NASDAQ:INBK) reported Q2 earnings of $0.44 per share, beating the analyst consensus estimate of $0.38 by 15.79%. However, this is a 58.49% decrease from the same period last year.
July 26, 2023 | 9:16 pm
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First Internet's Q2 earnings beat estimates but are significantly lower than the same period last year.
While First Internet beat the consensus estimate for Q2 earnings, the significant YoY decrease could be a concern for investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100