First Internet Q3 EPS Adj $0.39 Beats $0.36 Estimate, Sales $24.79M Beat $19.92M Estimate
Portfolio Pulse from mahesh@benzinga.com
First Internet (NASDAQ:INBK) reported Q3 earnings of $0.39 per share, beating the analyst consensus estimate of $0.36 by 8.33%. However, this is a 56.67% decrease from the same period last year. The company also reported quarterly sales of $24.79 million, beating the estimate of $19.92 million by 24.42%, but this is a 12.45% decrease from the same period last year.
October 25, 2023 | 8:53 pm
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First Internet's Q3 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
First Internet's Q3 earnings and sales beat estimates, which is generally positive for the stock. However, the YoY decrease in both earnings and sales could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100