First Bancshares Q3 Adj $0.65 Beats $0.62 Estimate, Sales $59.01M Beat $58.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancshares (NASDAQ:FBMS) reported Q3 earnings of $0.65 per share, beating estimates of $0.62, despite a year-over-year decrease. Sales were $59.01M, also surpassing expectations but down from last year.
October 23, 2024 | 9:28 pm
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First Bancshares reported Q3 earnings of $0.65 per share, beating the $0.62 estimate, but down from $0.76 last year. Sales were $59.01M, exceeding the $58.52M estimate, yet lower than last year's $60.70M.
The earnings and sales figures both exceeded analyst expectations, which is typically a positive indicator for stock performance. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
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