Dime Community Bancshares Q2 Adj. EPS $0.68 Beats $0.60 Estimate, Sales $90.62M Beat $80.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dime Community Bancshares (NASDAQ:DCOM) reported Q2 adjusted earnings of $0.68 per share, beating the analyst consensus estimate of $0.60 by 13.33%. However, this is a 32.67% decrease from the same period last year. The company also reported quarterly sales of $90.62 million, surpassing the analyst consensus estimate of $80.47 million by 12.62%, but this is a 14.21% decrease from the same period last year.
July 28, 2023 | 10:00 am
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Dime Community Bancshares reported Q2 earnings that beat estimates but are lower than the same period last year. This mixed result could lead to uncertain market reactions.
While Dime Community Bancshares beat analyst estimates for Q2, the decrease in earnings and sales compared to the same period last year could be a concern for investors. This could lead to uncertainty in the market, potentially affecting the stock's short-term price.
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