TriCo Q2 2024 GAAP EPS $0.87 Beats $0.79 Estimate, Sales $97.863 Miss $98.123M Estimate
Portfolio Pulse from Benzinga Newsdesk
TriCo reported Q2 2024 GAAP EPS of $0.87, beating the estimate of $0.79. However, sales were $97.863 million, missing the estimate of $98.123 million.
July 25, 2024 | 10:47 am
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TriCo's Q2 2024 earnings per share (EPS) exceeded expectations, but sales fell short of estimates. This mixed performance may lead to short-term volatility in the stock price.
The positive EPS surprise is a good sign, but the sales miss could offset some of the optimism. Investors may react with caution, leading to potential short-term volatility in TCBK's stock price.
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