BOSTON (Thomson Financial) - United Community Banks Inc. Tuesday reported
third-quarter net income of $22.5 million, or 46 cents a share, shy of Wall
Street's 47 cents a share consensus estimate.
The company said revenue for the period rose 21% to $83.6 million, below the
average estimate of analysts polled by Thomson Financial of $90.7 million. A
year ago, United community posted revenue of $69.3 million.
United declined to offer fiscal 2008 guidance, saying its outlook for 2008
will be "tempered by the slow pace of loan growth." The company said it will
update its outlook with its year-end results in January.
Shares of the Blairsville, Ga.-based holding company closed Monday at
$20.59.
Greg Saulnier
gs/pc
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