Hanover Bancorp Q3 EPS $0.42 Down From $0.83 YoY
Portfolio Pulse from Benzinga Newsdesk
Hanover Bancorp (NASDAQ:HNVR) reported a 49.4% decrease in quarterly earnings, from $0.83 per share last year to $0.42 per share this year.
July 27, 2023 | 12:19 pm
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Hanover Bancorp's earnings per share decreased by 49.4% compared to the same period last year, which could negatively impact investor sentiment.
Earnings per share (EPS) is a key indicator of a company's profitability. A significant decrease in EPS, like the 49.4% drop reported by Hanover Bancorp, can be a negative signal to investors, potentially leading to a decrease in the company's stock price in the short term.
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