First BanCorp Q2 Adj. EPS $0.37 Beats $0.35 Estimate, Sales $199.81M Miss $201.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
First BanCorp (NYSE:FBP) reported Q2 earnings of $0.37 per share, beating the analyst consensus estimate of $0.35 by 5.71%. However, this is a 2.63% decrease from the same period last year. The company's quarterly sales were $199.81 million, missing the analyst consensus estimate of $201.56 million by 0.87%, but this is a 1.85% increase from the same period last year.
July 27, 2023 | 11:45 am
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NEUTRAL IMPACT
First BanCorp's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertain short-term price movements.
First BanCorp's earnings beat estimates, which is generally positive for the stock price. However, the company's sales missed estimates, which is typically negative. These mixed results could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100