Columbia Banking System Q3 EPS $0.79 Beats $0.71 Estimate, Sales $524.86M Beat $522.90M Estimate
Portfolio Pulse from Happy Mohamed
Columbia Banking System (NASDAQ:COLB) reported Q3 earnings of $0.79 per share, beating the analyst consensus estimate of $0.71 by 11.27%. This is a 4.82% decrease from the same period last year. The company also reported quarterly sales of $524.86 million, beating the analyst consensus estimate of $522.90 million by 0.37%. This is a 177.53% increase from the same period last year.
October 18, 2023 | 8:20 pm
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POSITIVE IMPACT
Columbia Banking System's Q3 earnings and sales beat analyst estimates, which could positively impact the stock price.
Columbia Banking System reported better than expected Q3 earnings and sales. This positive financial performance could lead to an increase in the stock price as it indicates the company is performing well financially.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100