CNFinance Hldgs Q2 EPADS $0.08 Beats $0.01 Estimate, Sales $59.48M Miss $63.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNFinance Hldgs (NYSE:CNF) reported Q2 earnings of $0.08 per share, beating the analyst consensus estimate of $0.01 by 700%. However, the company's quarterly sales of $59.48 million missed the analyst consensus estimate of $63.15 million by 5.81%.
August 29, 2023 | 10:06 am
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NEUTRAL IMPACT
CNFinance Hldgs reported strong Q2 earnings but weaker sales. This mixed report may lead to uncertain short-term price movements.
CNFinance Hldgs reported a strong beat on earnings, which is typically positive for the stock price. However, the miss on sales could offset this positive impact, leading to uncertainty in the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100