Columbia Financial Q3 EPS $0.09 Beats $0.07 Estimate, Sales $57.12M Beat $47.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbia Financial (NASDAQ:CLBK) reported Q3 earnings of $0.09 per share, beating the analyst consensus estimate of $0.07 by 28.57%. However, this is a 57.14% decrease from the same period last year. The company also reported quarterly sales of $57.12 million, beating the analyst consensus estimate of $47.70 million by 19.76%, but this is a 26.12% decrease from the same period last year.
October 25, 2023 | 8:59 pm
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NEUTRAL IMPACT
Columbia Financial's Q3 earnings and sales beat estimates but are down from the same period last year. This mixed result could lead to uncertain market reactions.
While Columbia Financial beat analyst estimates for Q3 earnings and sales, the significant decrease from the same period last year could be a concern for investors. This mixed result could lead to uncertain market reactions in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100