First Busey Q2 Adj EPS $0.50 Beats $0.49 Estimate, Sales $116.23M Miss $116.35M Estimate
Portfolio Pulse from saritha@benzinga.com
First Busey (NASDAQ:BUSE) reported Q2 adjusted EPS of $0.50, beating the $0.49 estimate, but sales of $116.23M missed the $116.35M estimate. EPS decreased by 3.85% YoY, while sales increased by 8.95% YoY.
July 23, 2024 | 9:33 pm
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First Busey reported Q2 adjusted EPS of $0.50, beating the $0.49 estimate, but sales of $116.23M missed the $116.35M estimate. EPS decreased by 3.85% YoY, while sales increased by 8.95% YoY.
The mixed results, with EPS beating estimates but sales missing slightly, suggest a neutral short-term impact on the stock price. The YoY decrease in EPS and increase in sales provide a balanced outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100