Rhinebeck Bancorp Q2 EPS $0.13 Down From $0.18 YoY
Portfolio Pulse from Benzinga Newsdesk
Rhinebeck Bancorp (NASDAQ:RBKB) reported a decrease in Q2 earnings per share (EPS) from $0.18 last year to $0.13 this year, marking a 27.78% decrease YoY.
July 27, 2023 | 9:06 pm
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Rhinebeck Bancorp's Q2 earnings per share decreased by 27.78% YoY, which could negatively impact investor sentiment.
Earnings reports are a key indicator of a company's financial health. A decrease in earnings per share, as reported by Rhinebeck Bancorp, often leads to a negative investor sentiment which could potentially lead to a decrease in the company's stock price in the short term.
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