Carter Bankshares Q1 Adj. EPS $0.40 Misses $1.58 Estimate, Adj Sales $41.908M Miss $80.266M Estimate

Carter Bankshares (NASDAQ:CARE) reported quarterly earnings of $0.40 per share which missed the analyst consensus estimate of $1.58 by 74.68 percent. This is a 25 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $41.908 million which missed the analyst consensus estimate of $80.266 million by 47.79 percent. This is a 13.15 percent increase over sales of $37.039 million the same period last year.