Carter Bankshares Q3 Adj. EPS $0.20, Sales $32.66M, Both Inline
Portfolio Pulse from Benzinga Newsdesk
Carter Bankshares (NASDAQ:CARE) reported Q3 earnings of $0.20 per share, a 63.64% decrease from the same period last year. The company also reported quarterly sales of $32.66 million, a 23.98% decrease from the same period last year. Both earnings and sales met the analyst consensus estimate.

October 26, 2023 | 12:12 pm
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Carter Bankshares reported Q3 earnings and sales in line with analyst estimates, despite a significant decrease from the same period last year.
Carter Bankshares reported Q3 earnings and sales that met analyst estimates, which is generally a positive sign. However, the significant decrease from the same period last year could be a concern for investors, potentially offsetting the positive impact of meeting estimates. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100