Chemung Financial (CHMG) Q3 Earnings and Revenues Lag Estimates

Chemung Financial (CHMG) came out with quarterly earnings of $1.62 per share, missing the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.57%. A quarter ago, it was expected that this financial holding company would post earnings of $1.31 per share when it actually produced earnings of $1.31, delivering no surprise.Over the last four quarters, t ...