Provident Finl Servs Q3 2023 EPS $0.38, Inline, Sales $96.24M Miss $110.35M Estimate
Portfolio Pulse from totan@benzinga.com
Provident Financial Services (NYSE:PFS) reported Q3 2023 earnings of $0.38 per share, in line with analyst estimates. However, the company's sales of $96.24M missed the estimate of $110.35M. This represents a 34.48% decrease in earnings and a 12.10% decrease in sales compared to the same period last year.

October 26, 2023 | 9:07 pm
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Provident Financial Services' Q3 2023 earnings met expectations but sales fell short of estimates. This could potentially impact investor sentiment.
Provident Financial Services' earnings were in line with expectations, which is generally a positive signal. However, the company's sales missed estimates, which could negatively impact the stock price in the short term. The decrease in both earnings and sales compared to the same period last year could also negatively affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100