Westamerica Bancorp Q2 2024 GAAP EPS $1.33 Beats $1.30 Estimate, Sales $74.600M Beat $74.040M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westamerica Bancorp (NASDAQ:WABC) reported Q2 2024 GAAP EPS of $1.33, beating the estimate of $1.30. Sales were $74.6M, surpassing the $74.04M estimate but down 7.88% from last year's $80.981M.
July 18, 2024 | 3:17 pm
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Westamerica Bancorp reported better-than-expected Q2 2024 earnings and sales, but sales were down 7.88% year-over-year.
The positive earnings and sales surprise should have a short-term positive impact on WABC's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
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