Parke Bancorp Q2 EPS $0.67 Down From $0.88 YoY
Portfolio Pulse from Benzinga Newsdesk
Parke Bancorp reported Q2 earnings of $0.67 per share, a decrease of 23.86% from the same period last year when it reported earnings of $0.88 per share.
July 26, 2023 | 1:06 pm
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NEGATIVE IMPACT
Parke Bancorp's Q2 earnings per share have decreased by 23.86% compared to the same period last year.
Earnings are a key indicator of a company's profitability. A decrease in earnings per share, especially of this magnitude, is typically seen as a negative sign by investors and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100