Investing.com - Commerce Bancshares reported third quarter earnings that beat analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.03 on revenue of $331.5M. Analysts polled by Investing.com EPS of $0.97 on revenue of $333.7M. That compared to EPS of $0.70 on revenue of $313.4M in the same period a year earlier The company had reported EPS of $1.01 on revenue of $335.81M in the previous quarter.
Commerce Bancshares shares lost 0% to trade at $65.09 in pre-market trade following the report.
For the year, Commerce Bancshares shares are up 15.57%, outperforming the Nasdaq which is up 6.98% year to date.
Commerce Bancshares follows other major Financial sector earnings this month
On Wednesday, Saratoga Investment Corp reported second quarter EPS of $0.74 on revenue of $11.4M, compared to forecasts of EPS of $0.54 on revenue of $10.37M.
Amark Preci earnings missed analyst's expectations on Tuesday, September 18, 2018, with first quarter EPS of $-0.43 on revenue of $1.77B. Investing.com analysts expected EPS of $-0.03 on revenue of $1.73B