United Bankshares Q2 EPS $0.68 Beats $0.66 Estimate, Sales $262.64M Beat $261.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Bankshares (NASDAQ:UBSI) reported Q2 earnings of $0.68 per share, beating the analyst consensus estimate of $0.66 by 3.03%. This is a 4.23% decrease from the same period last year. The company also reported quarterly sales of $262.64 million, beating the analyst consensus estimate of $261.87 million by 0.29%. This is a 1.60% increase from the same period last year.
July 27, 2023 | 11:55 am
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United Bankshares reported better than expected Q2 earnings and sales, but earnings are down 4.23% from the same period last year.
While United Bankshares beat Q2 estimates, the decrease in earnings compared to the same period last year might concern investors. This could potentially offset the positive impact of beating estimates.
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IMPORTANCE 80
RELEVANCE 100