Glacier Bancorp Q3 2024 GAAP EPS $0.45 Beats $0.41 Estimate, Sales $180.231M Miss $186.939M Estimate
Portfolio Pulse from Benzinga Newsdesk
Glacier Bancorp reported Q3 2024 earnings per share of $0.45, surpassing the analyst estimate of $0.41. However, their sales of $180.231 million fell short of the expected $186.939 million, despite a 7.89% increase from the previous year.
October 24, 2024 | 8:31 pm
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Glacier Bancorp's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $0.45 beat the $0.41 estimate, while sales of $180.231 million missed the $186.939 million forecast.
The positive EPS surprise is a good sign for investors, indicating better-than-expected profitability. However, the sales miss could raise concerns about revenue growth, leading to mixed market reactions. The stock may experience volatility as investors weigh these factors.
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