CNFinance Hldgs Q3 EPADS $0.10 Beats $0.06 Estimate, Sales $58.24M Beat $43.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNFinance Holdings (NYSE:CNF) exceeded Q3 earnings and sales estimates with an EPS of $0.10, surpassing the $0.06 consensus, and reported sales of $58.24M, beating the $43.17M estimate. This reflects a 66.67% EPS beat and a 34.92% sales beat, with a slight 0.61% decrease in sales compared to the same period last year.
November 29, 2023 | 11:04 am
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CNFinance Holdings reported strong Q3 results with EPS of $0.10, beating estimates by 66.67%, and sales of $58.24M, surpassing expectations by 34.92%.
CNFinance Holdings' significant beat on both earnings and sales estimates is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The earnings beat by 66.67% and sales beat by 34.92% are substantial, indicating strong company performance and potential for future growth. However, the slight decrease in sales year-over-year may temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100