Stock Track | Heartland Financial Soars Despite Revenue Miss on Strong Profitability

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Shares of Heartland Financial USA Inc. (HTLF) surged 5.59% on Tuesday, despite the company reporting third-quarter revenue that missed Wall Street expectations. The Denver-based multibank holding company's stock rallied as investors focused on its better-than-expected profitability during the quarter.

For the three months ended September 30, 2024, Heartland Financial reported adjusted earnings of $1.17 per share, in line with the consensus estimate of four analysts polled by Zacks Investment Research. However, the company's revenue of $176.89 million fell short of the average analyst forecast of $186.89 million.

Despite the revenue shortfall, Heartland Financial's ability to meet earnings expectations through cost-control measures and operational efficiency appears to have fueled the stock's upward movement. The company's net income for the quarter came in at $62.14 million, reflecting its strong profitability.

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(HTLF) surged 5.59% on Tuesday, despite the company reporting third-quarter revenue that missed Wall Street expectations. The Denver-based multibank holding ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HTLF","symbol_name":"哈特兰金融","start_time":0,"source_url":"","article_id":"1165137033","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165137033","pubTimestamp":1730297919,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Heartland Financial USA Inc.  surged 5.59% on Tuesday, despite the company reporting third-quarter revenue that missed Wall Street expectations. 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