First of Long Island Q2 EPS $0.31, Inline, Sales $24.52M Miss $25.01M Estimate
Portfolio Pulse from sunil@benzinga.com
First of Long Island (NASDAQ:FLIC) reported Q2 earnings of $0.31 per share, in line with analyst consensus. However, this is a 42.59% decrease from the same period last year. The company's quarterly sales of $24.52 million missed the analyst consensus estimate of $25.01 million by 1.95%, marking a 25.05% decrease from last year.
July 27, 2023 | 9:07 pm
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First of Long Island's Q2 earnings met expectations but showed a significant YoY decrease. Sales also missed estimates and were down from last year.
First of Long Island's earnings met expectations, which is positive. However, the significant YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100