Bar Harbor Bankshares Q1 Adj $0.66 Beats $0.64 Estimate, Sales $36.64M Miss $37.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bar Harbor Bankshares (AMEX:BHB) reported Q1 adjusted earnings of $0.66 per share, surpassing the $0.64 estimate, but saw a 23.26% decrease from last year's $0.86. Sales of $36.64M fell short of the $37.38M estimate, marking an 8.60% decrease from the previous year.
April 18, 2024 | 8:30 pm
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Bar Harbor Bankshares reported Q1 earnings above estimates but with a significant year-over-year decrease and sales that missed estimates.
While BHB surpassed earnings estimates, the decrease in earnings and missed sales targets compared to last year could lead to mixed investor sentiment. The positive earnings surprise may support the stock price, but the sales miss and earnings decrease could temper gains.
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