Towne Bank Q2 Adj EPS $0.52 Misses $0.57 Estimate, Sales $181.57M Beat $180.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Towne Bank reported Q2 earnings of $0.56 per share, missing the analyst consensus estimate of $0.57 by 1.75%. This is a 12.5% decrease from the same period last year. However, the company's quarterly sales of $181.57 million beat the estimate of $180.75 million by 0.45%, marking an 8.74% increase from last year.
July 27, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Towne Bank's Q2 earnings per share missed estimates, but sales beat expectations. This mixed result could lead to uncertainty in the market.
Towne Bank's earnings per share missed the consensus estimate, which could negatively impact the stock. However, the company's sales beat estimates, which could have a positive effect. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100