United Community Banks Q1 2024 Adj EPS $0.52 Beats $0.49 Estimate, Sales $238.736M Beat $232.017M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Community Banks (UCBI) reported Q1 2024 adjusted EPS of $0.52, surpassing the $0.49 estimate, with sales of $238.736M also beating the $232.017M estimate. This represents a slight 1.22% decrease in sales from the same period last year.
April 24, 2024 | 11:44 am
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United Community Banks reported a strong Q1 2024 with adjusted EPS and sales beating estimates, despite a slight decrease in sales from the previous year.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The slight decrease in sales year-over-year is noted but overshadowed by the earnings beat.
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