Atlantic Union Bankshares Q4 Adj. EPS $0.78 Beats $0.75 Estimate, Sales $183.50M Beat $179.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlantic Union Bankshares (NYSE:AUB) reported Q4 adjusted EPS of $0.78, surpassing the $0.75 estimate, marking a 4% year-over-year increase. Sales reached $183.50M, exceeding estimates by 2.35% and reflecting a similar year-over-year growth.
January 23, 2024 | 11:53 am
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POSITIVE IMPACT
Atlantic Union Bankshares reported a positive earnings surprise with Q4 adjusted EPS of $0.78, beating estimates by 4%, and sales that surpassed expectations by 2.35%.
Beating both earnings and sales estimates typically generates positive sentiment among investors, potentially leading to a short-term increase in stock price. The reported growth over the previous year's figures further strengthens the case for a positive impact.
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