Heritage Commerce Q3 EPS $0.26 Beats $0.25 Estimate, Sales $47.59M Beat $46.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Commerce (NASDAQ:HTBK) reported Q3 earnings of $0.26 per share, beating the analyst consensus estimate of $0.25 by 4%. However, this is a 13.33% decrease from the same period last year. The company also reported quarterly sales of $47.59 million, beating the estimate of $46.17 million by 3.07%, but this is a 6.36% decrease from last year.
October 27, 2023 | 6:51 am
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Heritage Commerce's Q3 earnings and sales beat estimates but are lower than last year's figures.
While Heritage Commerce beat estimates for Q3 earnings and sales, the figures are lower than the same period last year. This mixed result could lead to neutral short-term price movement.
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