Amalgamated Financial Q2 Adj. EPS $0.72 Misses $0.74 Estimate, Sales $70.93M Miss $71.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amalgamated Financial (NASDAQ:AMAL) reported Q2 adjusted earnings of $0.72 per share, missing the analyst consensus estimate of $0.74 by 2.7%. The company also reported quarterly sales of $70.93 million, missing the estimate of $71.00 million by 0.10%. However, both earnings and sales show an increase over the same period last year by 10.77% and 11.27% respectively.
July 27, 2023 | 10:29 am
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Amalgamated Financial's Q2 earnings and sales missed analyst estimates. Despite this, there was a YoY increase in both earnings and sales.
Amalgamated Financial's Q2 earnings and sales missed analyst estimates, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price. However, the YoY growth in both earnings and sales might mitigate this impact to some extent.
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IMPORTANCE 80
RELEVANCE 100