Arrow Financial Q3 EPS $0.46 Beats $0.33 Estimate, Sales $33.40M Beat $32.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arrow Financial (NASDAQ:AROW) reported Q3 earnings of $0.46 per share, beating the analyst consensus estimate of $0.33 by 39.39%. However, this is a 36.11% decrease from the same period last year. The company also reported quarterly sales of $33.40 million, beating the estimate of $32.59 million by 2.49%, but this is a 13.76% decrease from last year.
October 24, 2023 | 11:58 am
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NEUTRAL IMPACT
Arrow Financial's Q3 earnings and sales beat estimates but are down from last year. This mixed result could lead to uncertain market reactions.
While Arrow Financial beat estimates for both earnings and sales, the fact that these figures are down from the same period last year could lead to mixed reactions from investors. This could result in a neutral short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100