Magyar Bancorp Q3 EPS $0.30 Down From $0.31 YoY
Portfolio Pulse from Benzinga Newsdesk
Magyar Bancorp reported Q3 earnings of $0.30 per share, a 3.23% decrease from the same period last year when it reported earnings of $0.31 per share.
July 20, 2023 | 8:12 pm
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NEGATIVE IMPACT
Magyar Bancorp's earnings per share decreased by 3.23% YoY in Q3, which could potentially impact the company's stock negatively in the short term.
Earnings per share (EPS) is a key indicator of a company's profitability. A decrease in EPS is generally viewed negatively by investors as it indicates reduced profitability. Therefore, this news could potentially have a negative impact on Magyar Bancorp's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100