California Bancorp Q2 EPS $0.65 Beats $0.61 Estimate, Sales $19.78M Miss $20.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
California Bancorp (NASDAQ:CALB) reported Q2 earnings of $0.65 per share, beating the analyst consensus estimate of $0.61 by 6.56%. This is a 27.45% increase from the same period last year. However, the company's quarterly sales of $19.78 million missed the analyst consensus estimate of $20.10 million by 1.59%, though it's a 12.28% increase from last year.
July 27, 2023 | 9:08 pm
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NEUTRAL IMPACT
California Bancorp's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertain short-term price movements.
While the earnings beat could be a positive signal to investors, the sales miss might offset this optimism. This mixed result could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100