Orrstown Finl Servs Q2 Adj $0.83 Beats $0.73 Estimate, Sales $26.10M Beat $25.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orrstown Financial Services (NASDAQ: ORRF) reported Q2 earnings of $0.83 per share, beating the analyst estimate of $0.73. Sales were $26.10 million, slightly above the $25.97 million estimate. Despite beating estimates, both earnings and sales were down compared to the same period last year.
July 23, 2024 | 8:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Orrstown Financial Services reported Q2 earnings of $0.83 per share, beating the analyst estimate of $0.73. Sales were $26.10 million, slightly above the $25.97 million estimate. Despite beating estimates, both earnings and sales were down compared to the same period last year.
The company beat both earnings and sales estimates, which is generally positive for the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100