Columbia Banking System Q3 2024 Adj. EPS $0.69 Beats $0.62 Estimate, Sales $496.377M Beat $481.034M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbia Banking System reported Q3 2024 earnings per share of $0.69, surpassing the analyst estimate of $0.62. The company's sales were $496.377 million, exceeding the expected $481.034 million, despite a 5.43% decrease from the previous year.
October 24, 2024 | 12:17 pm
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Columbia Banking System's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $0.69 and sales at $496.377 million. However, sales decreased by 5.43% compared to the same period last year.
The positive earnings surprise and sales beat are likely to boost investor confidence in the short term, despite the year-over-year sales decline. The market often reacts positively to earnings beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100