German American Bancorp Q3 EPS $0.73 Beats $0.69 Estimate
Portfolio Pulse from Benzinga Newsdesk
German American Bancorp (NASDAQ:GABC) reported Q3 earnings of $0.73 per share, beating the analyst consensus estimate of $0.69 by 5.8 percent. However, this is a 12.05 percent decrease from the same period last year.
October 30, 2023 | 9:20 pm
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German American Bancorp's Q3 earnings beat estimates but are down year-over-year.
While German American Bancorp beat earnings estimates, which is typically a positive signal for the stock, the year-over-year decrease in earnings could offset this positive impact. Therefore, the short-term impact on the stock is neutral.
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