Dime Community Bancshares Q1 2024 Adj EPS $0.38 Beats $0.37 Estimate, Sales $81.997M Beat $72.425M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dime Community Bancshares (NASDAQ:DCOM) reported Q1 2024 adjusted EPS of $0.38, surpassing the $0.37 estimate, with sales of $81.997M exceeding the $72.425M forecast. This represents a 60% decrease in earnings and a 13.46% decrease in sales from the same period last year.
April 23, 2024 | 11:21 am
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Dime Community Bancshares reported higher-than-expected Q1 2024 earnings and sales, with EPS at $0.38 and sales at $81.997M, beating estimates.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decreases in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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