Customers Bancorp Q3 Adj $2.59 Beats $1.59 Estimate, Sales $199.77M Beat $166.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Customers Bancorp reported Q3 earnings of $2.59 per share, beating the analyst consensus estimate of $1.59 by 62.89%. This is a 4.44% increase from the same period last year. The company also reported quarterly sales of $199.77 million, beating the analyst consensus estimate of $166.46 million by 20.01%. This is a 25.62% increase from the same period last year.
October 26, 2023 | 8:53 pm
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Customers Bancorp's Q3 earnings and sales beat estimates, showing a YoY increase of 4.44% and 25.62% respectively.
Customers Bancorp's Q3 earnings and sales exceeded analyst estimates, which is generally seen as a positive sign and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100