Unity Bancorp Q3 EPS $0.97 Beats $0.89 Estimate, Sales $25.58M Beat $25.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Unity Bancorp (NASDAQ:UNTY) reported Q3 earnings of $0.97 per share, beating the analyst consensus estimate of $0.89 by 8.99%. This is a 4.3% increase from the same period last year. The company also reported quarterly sales of $25.58 million, beating the analyst consensus estimate of $25.32 million by 1.01%. This is a 2.93% increase from the same period last year.
October 13, 2023 | 10:09 am
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Unity Bancorp's Q3 earnings and sales exceeded analyst estimates, which could positively impact the stock.
Unity Bancorp reported better than expected Q3 earnings and sales, which is typically a positive signal for the stock. Investors may react positively to this news, potentially driving the stock price up in the short term.
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