Market News

Chemung Financial Surprises with Strong Q1 2024 Performance

CHMG stock - CHMG Stock Earnings: Chemung Financial Beats EPS, Beats Revenue for Q1 2024

Source: iQoncept / Shutterstock

Chemung Financial (NASDAQ:CHMG) has impressed investors with its first-quarter 2024 financial results.

  • Surpassing expectations, the company reported earnings per share of $1.48, exceeding the analyst estimate of $1.04.
  • Furthermore, Chemung Financial achieved revenue of $23.75 million, slightly outperforming the anticipated $23.74 million forecast.

Article printed from InvestorPlace Media, https://investorplace.com/earning-results/2024/04/chmg-stock-earnings-chemung-financial-for-q1-of-2024/.

©2024 InvestorPlace Media, LLC

See also  Insiders Show Confidence by Buying Stocks Insiders Show Confidence by Buying Stocks