CNFinance Hldgs Q4 EPS $0.04 Beats $0.01 Estimate, Sales $67.66M Beat $65.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNFinance Holdings (CNF) reported Q4 earnings of $0.04 per share, surpassing the $0.01 estimate, a 300% beat. Year-over-year, earnings decreased by 33.33% from $0.06. Q4 sales were $67.66M, exceeding the $65.41M estimate by 3.44%, and marking a 2.66% increase from the previous year.
March 28, 2024 | 11:18 am
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CNFinance Holdings reported a significant beat on both earnings and revenue estimates for Q4, with earnings per share at $0.04 against a $0.01 estimate and revenues at $67.66M against a $65.41M estimate.
The significant beat on both earnings per share and revenue estimates for CNFinance Holdings indicates a strong financial performance for the quarter. This outperformance, especially in a challenging economic environment, is likely to positively influence investor sentiment and potentially lead to a short-term increase in the stock price. The comparison to last year's figures also provides context, showing growth in revenue despite a decrease in earnings per share, which might temper expectations but still supports a positive outlook.
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