First of Long Island Q2 2024 GAAP EPS $0.21 Beats $0.17 Estimate, Sales $21.295M Beat $20.709M Estimate
Portfolio Pulse from Benzinga Newsdesk
First of Long Island (NASDAQ:FLIC) reported Q2 2024 earnings per share (EPS) of $0.21, beating the analyst estimate of $0.17. Sales were $21.295 million, also surpassing the estimate of $20.709 million. However, both EPS and sales were down compared to the same period last year.
July 25, 2024 | 9:04 pm
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First of Long Island (NASDAQ:FLIC) reported Q2 2024 EPS of $0.21, beating the analyst estimate of $0.17. Sales were $21.295 million, also surpassing the estimate of $20.709 million. However, both EPS and sales were down compared to the same period last year.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on FLIC's stock price. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100