First BanCorp Q3 Adj $0.45 Beats $0.41 Estimate, Sales $202.06M Miss $206.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
First BanCorp reported Q3 earnings of $0.45 per share, beating estimates but showing a slight decrease from last year. Sales were $202.06M, missing expectations but up from last year.
October 23, 2024 | 11:03 am
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NEUTRAL IMPACT
First BanCorp's Q3 earnings per share of $0.45 exceeded expectations, but sales of $202.06M fell short. Earnings decreased slightly from last year, while sales showed a modest increase.
The earnings beat is positive, but the sales miss and slight decrease in earnings from last year balance the impact, leading to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100