Northeast Bank Q3 2024 GAAP EPS $1.83 Beats $1.72 Estimate, Sales $38.054M Beat $36.340M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northeast Bank (NASDAQ:NBN) reported Q3 2024 earnings of $1.83 per share, surpassing the $1.72 estimate, and sales of $38.054M, exceeding the $36.340M forecast. This represents an 8.28% increase in earnings and a 13.84% increase in sales from the same period last year.
April 30, 2024 | 9:06 pm
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POSITIVE IMPACT
Northeast Bank reported a significant beat on both earnings and sales estimates for Q3 2024, indicating strong financial performance and growth.
Beating both earnings and sales estimates by notable margins suggests robust financial health and operational efficiency. Such positive results typically lead to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100