Camden National Corp. (CAC) announced earnings for first quarter that decreased from last year and missed the Street estimates.
The company's earnings came in at $7.33 million, or $0.43 per share. This compares with $13.27 million, or $0.91 per share, last year.
Excluding items, Camden National Corp. reported adjusted earnings of $16.05 million or $0.95 per share for the period.
Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.
Camden National Corp. earnings at a glance (GAAP) :
-Earnings: $7.33 Mln. vs. $13.27 Mln. last year.
-EPS: $0.43 vs. $0.91 last year.
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