Orrstown Finl Servs Q3 Adj $1.11 Beats $0.92 Estimate, Sales $51.70M Beat $49.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orrstown Financial Services (NASDAQ:ORRF) reported strong Q3 results, with earnings per share of $1.11 beating estimates by 20.65% and sales of $51.70 million surpassing expectations by 5.01%. Both earnings and sales showed significant year-over-year growth.
October 22, 2024 | 8:28 pm
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Orrstown Financial Services reported Q3 earnings of $1.11 per share, beating estimates by 20.65%, and sales of $51.70 million, exceeding expectations by 5.01%. Both metrics showed significant year-over-year growth, indicating strong financial performance.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, suggests a positive short-term impact on ORRF's stock price. Investors are likely to react favorably to the company's strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100