Towne Bank Q4 Adj EPS $0.42 Misses $0.46 Estimate, Sales $155.55M Miss $164.67M Estimate

Towne Bank (NASDAQ:TOWN) reported quarterly Adj earnings of $0.42 per share which missed the analyst consensus estimate of $0.46 by 8.7 percent. This is a 35.38 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $155.55 million which missed the analyst consensus estimate of $164.67 million by 5.54 percent. This is a 11.27 percent decrease over sales of $175.31 million the same period last year.