Valley Ntl Q2 Adj. EPS $0.30 Misses $0.31 Estimate, Sales $560.735M Beat $556.535M Estimate
Valley Ntl (NASDAQ:VLY) reported quarterly earnings of $0.30 per share which missed the analyst consensus estimate of $0.31 by 3.23 percent. This is a 30.43 percent increase over earnings of $0.23 per share from the
Valley National made slightly less profit per share than experts predicted, but brought in more money from sales than expected. When a company misses on profits but beats on sales, it hints that it's selling well but spending more money to do it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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