First Commonwealth Q2 2024 Adj EPS $0.36 Beats $0.35 Estimate, Sales $120.508M Beat $118.431M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Commonwealth (NYSE:FCF) reported Q2 2024 adjusted EPS of $0.36, beating the $0.35 estimate. Sales were $120.508M, surpassing the $118.431M estimate. However, both EPS and sales decreased compared to the same period last year.
July 23, 2024 | 9:15 pm
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POSITIVE IMPACT
First Commonwealth's Q2 2024 earnings and sales beat analyst estimates, but both metrics are down compared to the same period last year.
The positive earnings and sales surprise should provide a short-term boost to the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100