Commerce Bancshares Q3 2024 GAAP EPS $1.07 Beats $1.01 Estimate, Sales $421.38M Beat $419.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Commerce Bancshares reported Q3 2024 earnings of $1.07 per share, surpassing the $1.01 estimate, and sales of $421.38M, exceeding the $419.72M estimate. This marks a 16.3% increase in EPS and a 7.63% rise in sales compared to the previous year.
October 17, 2024 | 10:01 am
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Commerce Bancshares reported better-than-expected Q3 2024 earnings and sales, with EPS of $1.07 beating the $1.01 estimate and sales of $421.38M surpassing the $419.72M estimate. This reflects a strong performance with a 16.3% increase in EPS and a 7.63% rise in sales year-over-year.
The company's earnings and sales both exceeded analyst expectations, indicating strong financial performance. The significant year-over-year growth in both EPS and sales suggests positive momentum, likely leading to a short-term increase in stock price.
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RELEVANCE 100