Amalgamated Financial Q2 2024 Adj EPS $0.85 Beats $0.79 Estimate, Sales $78.450M Beat $77.358M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amalgamated Financial (NASDAQ:AMAL) reported Q2 2024 earnings of $0.85 per share, beating the analyst estimate of $0.79. Sales were $78.450 million, surpassing the $77.358 million estimate. Both earnings and sales showed significant year-over-year growth.
July 25, 2024 | 10:40 am
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Amalgamated Financial (NASDAQ:AMAL) reported Q2 2024 earnings of $0.85 per share, beating the analyst estimate of $0.79. Sales were $78.450 million, surpassing the $77.358 million estimate. Both earnings and sales showed significant year-over-year growth.
The company's earnings and sales both exceeded analyst expectations, which is likely to positively impact the stock price in the short term. The significant year-over-year growth further strengthens the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100