Lakeland Financial Q1 2024 Adj EPS $0.88 Beats $0.86 Estimate, Sales $60.028M Miss $60.160M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lakeland Financial (NASDAQ:LKFN) reported Q1 2024 adjusted EPS of $0.88, surpassing the $0.86 estimate, but its sales of $60.028M fell short of the $60.160M forecast. This represents a 6.38% decrease in earnings and a 2.92% drop in sales from the previous year.
April 25, 2024 | 12:06 pm
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Lakeland Financial's Q1 2024 earnings surpassed estimates with an adjusted EPS of $0.88, but sales slightly missed expectations at $60.028M.
The mixed results with an earnings beat but a slight miss on sales forecasts could lead to neutral market reaction in the short term. Investors might appreciate the earnings beat, but concerns over the sales miss and year-over-year declines could temper any positive sentiment.
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