First Merchants Q2 2024 Adj EPS $0.68 Misses $0.80 Estimate, Sales $159.905M Miss $160.510M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Merchants (NASDAQ:FRME) reported Q2 2024 adjusted EPS of $0.68, missing the $0.80 estimate by 15%. Sales were $159.905M, slightly below the $160.510M estimate and down 2.59% from last year.
July 25, 2024 | 12:03 pm
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First Merchants reported Q2 2024 adjusted EPS of $0.68, missing the $0.80 estimate by 15%. Sales were $159.905M, slightly below the $160.510M estimate and down 2.59% from last year.
The significant miss on EPS and slight miss on sales estimates, combined with a year-over-year decline in sales, is likely to negatively impact FRME's stock price in the short term.
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IMPORTANCE 80
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