Cass Information Systems Inc reports results for the quarter ended March 31 - Earnings Summary
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Cass Information Systems IncQ) reported adjusted earnings of 66 cents per share for the quarter ended March 31, surpassing last year's 52 cents and the analyst forecast of 60 cents. Revenue decreased by 6.6% to $46.41 million, below the expected $51.49 million. The company’s net income was $8.97 million. Despite an 8.3% drop in shares this quarter, analysts maintain a "buy" rating, with a median 12-month price target of $47.00.
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