Luther Burbank Q2 EPS $0.14 Misses $0.19 Estimate, Sales $27.21M Miss $36.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luther Burbank (NASDAQ:LBC) reported Q2 earnings of $0.14 per share, missing the analyst consensus estimate of $0.19 by 26.32%. This is a 68.18% decrease from the same period last year. The company also reported quarterly sales of $27.21 million, missing the analyst consensus estimate of $36.42 million by 25.29%. This is a 43.11% decrease from the same period last year.
July 25, 2023 | 8:25 pm
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Luther Burbank's Q2 earnings and sales significantly missed estimates and decreased from the same period last year.
Luther Burbank's Q2 earnings and sales missed the analyst consensus estimates by a significant margin. This, coupled with the fact that both earnings and sales have decreased significantly from the same period last year, is likely to negatively impact the company's stock price in the short term.
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