Newz(IBCP) on Tuesday reported third-quarter earnings of $17.9 million. The bank, based in Grand Rapids, Michigan, said it had earnings of 80 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 92 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. The bank holding company posted revenue of $93.1 million in the period.
Its revenue net of interest expense was $71.1 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $68.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on IBCP at https://www.zacks.com/ap/IBCP Source BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported third-quarter profit of $1.2 billion. On a per-share basis, the Basel, Switzerland-based company said it had net income of 63 cents.
Earnings, adjusted for non-recurring costs, came to $2.46 per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.
The drugmaker posted revenue of $14.52 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $14.56 billion. Access a Zacks stock report on NVS at https://www.zacks.com/ap/NVS Source
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