Community Bank System Q4 Adj. EPS $0.76 Misses $0.84 Estimate, Sales $176.96M Beat $175.0M Estimate
Portfolio Pulse from Benzinga Newsdesk
Community Bank System (NYSE:CBU) reported Q4 adjusted EPS of $0.76, missing the $0.84 estimate, a 20.83% decrease from last year's $0.96. Sales were $176.96M, slightly above the $175.0M estimate, marking a 0.59% increase from the previous year.
January 23, 2024 | 11:50 am
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Community Bank System's Q4 adjusted EPS fell short of estimates and decreased compared to last year, while sales marginally beat estimates with a slight increase from last year.
The missed EPS estimate is likely to negatively impact investor sentiment in the short term, despite the slight beat on sales. Earnings misses often result in a negative stock price reaction as they reflect a company's profitability challenges.
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