First BanCorp Q2 2024 Adj EPS $0.46 Beats $0.41 Estimate, Sales $199.628M Miss $201.414M Estimate
Portfolio Pulse from Benzinga Newsdesk
First BanCorp (NYSE:FBP) reported Q2 2024 adjusted EPS of $0.46, beating the $0.41 estimate, but sales of $199.628M missed the $201.414M estimate.
July 23, 2024 | 11:05 am
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First BanCorp reported Q2 2024 adjusted EPS of $0.46, beating the analyst estimate of $0.41 by 12.2%. However, sales of $199.628M missed the $201.414M estimate by 0.89%.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the slight miss in sales. Investors often prioritize earnings over revenue, especially when the earnings beat is substantial.
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IMPORTANCE 80
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