Triumph Financial Q3 EPS $0.51 Beats $0.37 Estimate, Sales $104.74M Miss $106.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Triumph Financial (NASDAQ:TFIN) reported Q3 earnings of $0.51 per share, beating the analyst consensus estimate of $0.37 by 37.84%. However, the company's quarterly sales of $104.74 million missed the analyst consensus estimate of $106.90 million by 2.02%. This represents a 17.74% decrease in earnings and a 5.59% decrease in sales compared to the same period last year.
October 19, 2023 | 8:11 pm
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NEUTRAL IMPACT
Triumph Financial's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Triumph Financial's earnings beat could be seen as a positive sign by investors, potentially driving the stock price up. However, the missed sales estimate could counteract this effect, leading to a neutral overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100