Camden National Q1 2024 Adj EPS $0.86 Beats $0.70 Estimate, Sales $41.595M Miss $41.886M Estimate
Portfolio Pulse from Benzinga Newsdesk
Camden National (NASDAQ:CAC) reported Q1 2024 adjusted EPS of $0.86, surpassing the $0.70 estimate, but sales of $41.595M fell short of the $41.886M estimate. This represents an 11.34% decrease in earnings and a 5.78% decrease in sales from the same period last year.
April 30, 2024 | 12:13 pm
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Camden National's Q1 2024 earnings surpassed estimates with an adjusted EPS of $0.86, but sales missed expectations, indicating mixed financial performance.
The beat on the EPS estimate is positive, suggesting operational efficiency or cost management. However, the miss on sales forecasts could indicate a slowdown in revenue growth or market challenges, presenting a mixed outlook that might lead to neutral short-term stock price movement.
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