Bank of Marin Q2 Adj $0.06 Misses $0.18 Estimate, Sales $22.47M Miss $23.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Marin (NASDAQ:BMRC) reported Q2 earnings of $0.06 per share, missing the analyst estimate of $0.18 by 66.67%. Sales were $22.47M, missing the $23.39M estimate by 3.95%. Both earnings and sales showed significant declines from the same period last year.
July 29, 2024 | 12:52 pm
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Bank of Marin reported Q2 earnings of $0.06 per share, missing the analyst estimate of $0.18 by 66.67%. Sales were $22.47M, missing the $23.39M estimate by 3.95%. Both earnings and sales showed significant declines from the same period last year.
The significant miss on both earnings and sales compared to analyst estimates, along with the year-over-year declines, is likely to negatively impact BMRC's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100