Coastal Finl Q2 EPS $0.71 Misses $0.83 Estimate, Sales $119.430M Miss $151.352M Estimate

Coastal Finl (NASDAQ: CCB) reported quarterly earnings of $0.71 per share which missed the analyst consensus estimate of $0.83 by 14.97 percent. This is a 15.48 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $119.430 million which missed the analyst consensus estimate of $151.352 million by 21.09 percent. This is a 12.28 percent decrease over sales of $136.155 million the same period last year.