F N B Q1 Adj EPS $0.34, Inline, Sales $406.87M Miss $406.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
F N B Corporation (FNB) reported Q1 adjusted earnings per share of $0.34, meeting analyst estimates but marking a 15% decrease from the previous year. Quarterly sales were $406.87M, slightly missing the $406.96M estimate and showing a 2.20% decrease from the previous year.
April 17, 2024 | 8:36 pm
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F N B Corporation reported Q1 adjusted EPS of $0.34, in line with estimates but down 15% YOY. Sales missed estimates slightly at $406.87M, a 2.20% decrease YOY.
The reported earnings and slight miss in sales expectations, combined with a year-over-year decrease in both metrics, could lead to negative investor sentiment in the short term. The alignment with EPS estimates may mitigate some negative impact, but the overall decrease in performance year-over-year is likely to be viewed unfavorably.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100