ServisFirst Bancshares Posts Mixed Results; Boeing Bags $95.4M+ Modification Contract
- October 16th, 2023
- 712 views
ServisFirst Bancshares, Inc. (NYSE: SFBS) reported third-quarter 2023 earnings of $0.98 per share, beating the consensus EPS estimate of $0.95. However, the company's quarterly sales totaled $107.83 million, slightly below analysts' revenue projections of $109.98 million for the period.
$SFBS was trading at $47.98 in after-hours, down $4.89 (-9.25%)
In other news, The Boeing Co. (NYSE: BA), an aerospace company, was awarded a $95,422,328 firm-fixed-price, time-and-materials modification to a previously awarded contract. This modification exercises an option to provide P-8A Poseidon CFM56-7B27A/3 and CFM56-7B27AE engine depot-level maintenance and repair, including field assessment, engine maintenance, repair, and overhaul, along with technical assistance for engine removal and replacement. The services will support the Navy, the government of Australia, and Foreign Military Sales customers. The Naval Air Systems Command, Patuxent River, Maryland, is overseeing this operation.
In after-hours, $BA was trading at $184.92, with a minimal decrease of $0.01 (-0.01%).
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