Northeast Bank Q2 EPS $1.85 Beats $1.72 Estimate, Sales $38.47M Beat $36.98M Estimate
Portfolio Pulse from bharat@benzinga.com
Northeast Bank (NASDAQ:NBN) reported Q2 earnings of $1.85 per share, surpassing the $1.72 estimate, a 20.13% increase from last year. Sales reached $38.47M, exceeding the $36.98M estimate, marking a 27.99% increase from the previous year.
January 30, 2024 | 9:18 pm
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POSITIVE IMPACT
Northeast Bank reported strong Q2 earnings and sales, beating analyst estimates with significant year-over-year growth.
Positive earnings and sales reports typically lead to an increase in investor confidence and can result in a short-term rise in stock price. The substantial beat on both earnings per share and sales, coupled with the year-over-year growth, suggests a strong performance by Northeast Bank, which is likely to be viewed favorably by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100