Codorus Valley Bancorp Q4 Sales $23.41M Beat $22.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Codorus Valley Bancorp (NASDAQ:CVLY) reported Q4 sales of $23.41M, surpassing the analyst consensus estimate of $22.50M by 4.03%. However, this represents a 6.12% decrease from the $24.93M in sales reported in the same period last year.
January 25, 2024 | 10:48 pm
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NEUTRAL IMPACT
Codorus Valley Bancorp's Q4 sales outperformed estimates but showed a year-over-year decline.
While beating sales estimates is positive and may lead to a short-term uptick in investor sentiment, the year-over-year decline in sales could raise concerns about the company's growth trajectory, potentially offsetting the positive impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100