First Merchants Q3 2024 Adj. EPS $0.95 Beats $0.90 Estimate, Sales $155.976M Miss $166.335M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Merchants reported Q3 2024 earnings per share of $0.95, surpassing the expected $0.90, but sales of $155.976 million fell short of the $166.335 million estimate, marking a 3.26% decline from the previous year.
October 24, 2024 | 12:03 pm
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First Merchants' Q3 2024 EPS of $0.95 beat expectations, but sales of $155.976M missed estimates and declined 3.26% YoY.
The earnings beat is a positive indicator, but the sales miss and year-over-year decline could offset this, leading to a neutral short-term impact on the stock price.
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