Cascade Financial falls on disappointing Q1 guidance
Shares of Cascade Financial Corp. (Nasdaq:CASB) have taken a spill on news after the close on Thursday that first-quarter earnings are projected below analysts’ consensus. The Everett, Wash.-based company said that earnings for the three months ended March 31 will be between $0.19 per share and $0.23 per share. Five analysts polled by Thomson Financial were looking for a profit of $0.29 per share.
At 3:09 p.m. ET, the stock was down $0.79, or 7%, to $11.17. For detailed price information and recent news stories about Cascade Financial, click CASB.
