First Internet Q2 2024 Adj EPS $0.72 Beats $0.71 Estimate, Sales $32.360M Beat $22.866M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Internet (NASDAQ:INBK) reported Q2 2024 adjusted EPS of $0.72, beating the estimate of $0.71. Sales were $32.360M, surpassing the $22.866M estimate and showing a 34.74% increase from the same period last year.
July 24, 2024 | 8:42 pm
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First Internet reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.72 beating the $0.71 estimate and sales of $32.360M surpassing the $22.866M estimate. Sales also increased by 34.74% YoY.
The company's better-than-expected earnings and significant sales growth are likely to positively impact the stock price in the short term. Beating both EPS and sales estimates indicates strong performance and investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100