APR 23·MarketBeatMed
Carter Bankshares (NASDAQ:CARE) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS
Carter Bankshares (NASDAQ:CARE) reported its quarterly earnings, with an EPS of $0.40, missing the consensus estimate of $0.49 by $0.09. Despite the earnings miss, the company's revenue of $106.91 million significantly exceeded analysts' expectations of $42.47 million. Analysts have maintained a "Buy" rating for the stock, with institutional investors increasing their stakes, reflecting continued confidence in the company.