Premier Financial Q1 2024 GAAP EPS $0.50 Beats $0.47 Estimate, Sales $49.574M Miss $57.164M Estimate
Portfolio Pulse from Benzinga Newsdesk
Premier Financial (NASDAQ:PFC) reported Q1 2024 earnings of $0.50 per share, surpassing the $0.47 estimate, but missed sales estimates with $49.574M against the expected $57.164M, marking an 11.93% decrease from the previous year.
April 23, 2024 | 9:28 pm
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Premier Financial reported higher than expected Q1 2024 EPS at $0.50 but missed revenue estimates with $49.574M, a decrease from last year.
The mixed results with an earnings beat but a miss on revenue forecasts could lead to neutral market reactions. Investors might appreciate the earnings performance but be concerned about the sales decline, balancing the stock's short-term outlook.
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