Hope Bancorp Q3 EPS $0.25 Misses $0.26 Estimate, Sales $143.68M Beat $138.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hope Bancorp reported Q3 earnings of $0.25 per share, missing the analyst consensus estimate of $0.26 by 3.85%. This is a 44.44% decrease from the same period last year. However, the company's quarterly sales of $143.68 million beat the analyst consensus estimate of $138.25 million by 3.93%, despite being a 13.73% decrease from the same period last year.
October 23, 2023 | 10:32 am
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Hope Bancorp's Q3 earnings per share missed estimates and decreased significantly YoY, while sales beat estimates but also decreased YoY.
The company's earnings per share missed estimates and decreased significantly compared to the same period last year, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates, which could provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100