Trustco Bank Q2 EPS $0.86 Beats $0.85 Estimate, Sales $48.65M Miss $49.58M Estimate
Portfolio Pulse from bharat@benzinga.com
Trustco Bank (NASDAQ:TRST) reported Q2 earnings of $0.86 per share, beating the analyst consensus estimate of $0.85 by 1.18%. However, this is a 7.53% decrease from the same period last year. The company's quarterly sales were $48.65 million, missing the analyst consensus estimate of $49.58 million by 1.88%, but showing a 1.40% increase from the same period last year.
July 24, 2023 | 8:07 pm
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Trustco Bank's Q2 earnings beat estimates but sales missed. This mixed performance may lead to uncertainty in the market.
Trustco Bank's earnings beat estimates, which is positive for the stock. However, the miss on sales could offset this positive impact. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100