CNB Financial Q2 EPS $0.56 Beats $0.51 Estimate, Sales $45.72M Beat $45.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNB Financial (NASDAQ:CCNE) reported Q2 earnings of $0.56 per share, beating the analyst estimate of $0.51. Sales were $45.72 million, slightly above the $45.70 million estimate. Both earnings and sales decreased compared to the same period last year.
July 18, 2024 | 8:14 pm
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CNB Financial reported Q2 earnings of $0.56 per share, beating the analyst estimate of $0.51. Sales were $45.72 million, slightly above the $45.70 million estimate. Both earnings and sales decreased compared to the same period last year.
The positive earnings surprise and slight sales beat are likely to have a short-term positive impact on the stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100