Old National Q2 Adj $0.46 Beats $0.44 Estimate, Sales $475.69M Beat $473.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Old National (NASDAQ:ONB) reported Q2 earnings of $0.46 per share, beating the analyst estimate of $0.44. Sales were $475.69M, also surpassing the $473.79M estimate. Despite the beats, earnings decreased by 14.81% year-over-year.
July 23, 2024 | 12:03 pm
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Old National (NASDAQ:ONB) reported Q2 earnings of $0.46 per share, beating the analyst estimate of $0.44. Sales were $475.69M, also surpassing the $473.79M estimate. Despite the beats, earnings decreased by 14.81% year-over-year.
Old National's earnings and sales both beat analyst estimates, which is generally positive for the stock. However, the year-over-year decline in earnings may temper some of the enthusiasm. Overall, the short-term impact is likely to be positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100