Amalgamated Financial Q3 Adj EPS $0.76 Beats $0.70 Estimate, Sales $70.50M Beat $70.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amalgamated Financial (NASDAQ:AMAL) reported Q3 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.70 by 8.57%. However, this is a 1.3% decrease from the same period last year. The company also reported quarterly sales of $70.50 million, beating the estimate of $70.04 million by 0.66%, but this is a 2.93% decrease from the same period last year.
October 26, 2023 | 10:32 am
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NEUTRAL IMPACT
Amalgamated Financial's Q3 earnings and sales beat estimates but are lower than the same period last year. This mixed result could lead to uncertain market reactions.
While Amalgamated Financial beat Q3 estimates, the year-over-year decrease in both earnings and sales 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