First Internet Q2 Adj EPS $0.44 Beats $0.38 Estimate, Sales $24.02M Beat $19.81M Estimate
Portfolio Pulse from sunil@benzinga.com
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. The company also reported quarterly sales of $24.02 million, beating the analyst consensus estimate of $19.81 million by 21.23%, but this is a 19.93% decrease from the same period last year.
July 26, 2023 | 9:44 pm
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NEUTRAL IMPACT
First Internet's Q2 earnings and sales beat estimates but are down from the same period last year. This mixed result could lead to uncertainty in the market.
First Internet's earnings and sales beat estimates, which is generally positive for the stock. However, the fact that both earnings and sales are down significantly from the same period last year could create uncertainty among investors, potentially leading to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100