Farmers & Merchants Q3 2024 GAAP EPS $0.48 Beats $0.42 Estimate, Sales $25.549M Beat $21.567M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmers & Merchants (NASDAQ:FMAO) reported Q3 2024 earnings of $0.48 per share, surpassing the $0.42 estimate. Sales reached $25.549M, exceeding the $21.567M estimate and marking a 9.53% increase from last year.
October 31, 2024 | 8:31 am
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Farmers & Merchants reported Q3 2024 earnings of $0.48 per share, beating the $0.42 estimate. Sales were $25.549M, surpassing the $21.567M estimate and showing a 9.53% increase from last year.
The company's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant beat on both EPS and sales suggests strong operational performance, likely leading to a positive short-term impact on the stock price.
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