First of Long Island Q3 2023 EPS $0.30 Beats $0.24 Estimate, Sales $23.68M Beat $23.33M Estimate
Portfolio Pulse from vinayak@benzinga.com
First of Long Island (NASDAQ:FLIC) reported Q3 2023 earnings of $0.30 per share, beating the analyst consensus estimate of $0.24 by 25%. However, this is a 45.45% decrease from the same period last year. The company also reported quarterly sales of $23.68 million, beating the estimate of $23.33 million by 1.48%, but this is a 28.91% decrease from the same period last year.
October 26, 2023 | 9:06 pm
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NEUTRAL IMPACT
First of Long Island's Q3 2023 earnings and sales beat estimates but are significantly lower than the same period last year.
While First of Long Island beat estimates for Q3 2023, the significant decrease in earnings and sales compared to the same period last year could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100