Alerus Finl Q3 EPS $0.45 Beats $0.36 Estimate, Sales $48.80M Beat $47.73M Estimate
Portfolio Pulse from bharat@benzinga.com
Alerus Financial Corp. (NASDAQ:ALRS) reported Q3 earnings of $0.45 per share, beating the analyst consensus estimate of $0.36 by 25%. However, this is a 16.67% decrease from the same period last year. The company also reported quarterly sales of $48.80 million, beating the analyst consensus estimate of $47.73 million by 2.25%, but this is a 11.79% decrease from the same period last year.
October 25, 2023 | 9:25 pm
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Alerus Financial's Q3 earnings and sales beat estimates but are down from last year. This mixed result could lead to uncertain market reactions.
Alerus Financial's Q3 results exceeded analyst expectations, which is typically a positive signal for the stock. However, the YoY decrease in both earnings and sales might concern investors, leading to potential volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100