Northeast Bank Q1 EPS $2.01 Beats $1.56 Estimate, Sales $37.90M Beat $34.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northeast Bank (NASDAQ:NBN) reported Q1 earnings of $2.01 per share, beating the analyst consensus estimate of $1.56 by 28.85%. This is a 79.46% increase from the same period last year. The company also reported quarterly sales of $37.90 million, beating the analyst consensus estimate of $34.01 million by 11.45%. This is a 49.77% increase from the same period last year.
October 23, 2023 | 8:20 pm
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POSITIVE IMPACT
Northeast Bank's Q1 earnings and sales exceeded analyst estimates, indicating strong financial performance. This could positively impact the stock price in the short term.
Northeast Bank's earnings and sales for Q1 significantly exceeded analyst estimates, which is typically a positive signal for investors. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100