Chemung Financial Q3 EPS $1.61 Beats $1.13 Estimate, Sales $25.82M Beat $23.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chemung Financial (NASDAQ:CHMG) reported Q3 earnings of $1.61 per share, beating the analyst consensus estimate of $1.13 by 42.48%. This is a 17.52% increase from the same period last year. The company also reported quarterly sales of $25.82 million, beating the analyst consensus estimate of $23.50 million by 9.89%. This is a 7.49% increase from the same period last year.
October 25, 2023 | 6:27 am
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Chemung Financial's Q3 earnings and sales exceeded estimates, indicating a strong financial performance.
Chemung Financial's Q3 earnings and sales exceeded the analyst consensus estimates, which is a positive signal for the company's financial performance. This could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100