United Bankshares Q3 EPS $0.71 Beats $0.65 Estimate, Sales $262.10M Beat $256.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Bankshares (NASDAQ:UBSI) reported Q3 earnings of $0.71 per share, beating the analyst consensus estimate of $0.65 by 9.23%. However, this is a 6.58% decrease from the same period last year. The company also reported quarterly sales of $262.10 million, beating the analyst consensus estimate of $256.20 million by 2.30%, but this is a 4.12% decrease from the same period last year.
October 25, 2023 | 11:54 am
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United Bankshares reported better than expected Q3 earnings and sales, but both figures are down from the same period last year.
While United Bankshares beat analyst estimates for Q3 earnings and sales, the fact that both figures are down from the same period last year could have a neutral impact on the stock. Investors may be pleased with the beat, but concerned about the year-over-year decrease.
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