CVB Financial Q3 EPS $0.42 Beats $0.40 Estimate, Sales $137.68M Beat $122.22M Estimate
Portfolio Pulse from vinayak@benzinga.com
CVB Financial (NASDAQ:CVBF) reported Q3 earnings of $0.42 per share, beating the analyst consensus estimate of $0.40 by 5%. However, this is an 8.7% decrease from the same period last year. The company also reported quarterly sales of $137.68 million, surpassing the analyst consensus estimate of $122.22 million by 12.65%, but this is a 5% decrease from the same period last year.
October 25, 2023 | 8:50 pm
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NEUTRAL IMPACT
CVB Financial's Q3 earnings and sales beat estimates but are down from the same period last year.
While CVB Financial beat analyst estimates for Q3 earnings and sales, the decrease from the same period last year could potentially concern investors. This mixed result may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100