Heritage Financial Q3 Adj $0.49 Beats $0.41 Estimate, Sales $54.80M Miss $58.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Financial (NASDAQ:HFWA) reported Q3 earnings of $0.49 per share, beating estimates of $0.41, but sales of $54.80M missed the $58.12M estimate. Earnings decreased by 3.92% from last year, and sales fell by 11.46%.
October 24, 2024 | 12:06 pm
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NEUTRAL IMPACT
Heritage Financial's Q3 earnings per share beat expectations, but sales fell short. Earnings decreased slightly from last year, and sales saw a significant decline.
The earnings per share beat suggests positive operational efficiency or cost management, but the sales miss indicates potential challenges in revenue generation. The mixed results may lead to a neutral short-term stock price impact as investors weigh the earnings beat against the sales miss.
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IMPORTANCE 80
RELEVANCE 100