Trustco Bank Q3 EPS $0.77 Down From $1.01 YoY, Sales $46.80M Miss $47.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trustco Bank reported Q3 earnings of $0.77 per share, a decrease of 23.99% YoY. The company's quarterly sales were $46.80 million, missing the analyst consensus estimate of $47.29 million by 1.05% and marking a 10.32% decrease YoY.
October 23, 2023 | 8:02 pm
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Trustco Bank's Q3 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the stock in the short term.
Trustco Bank's Q3 earnings and sales not only missed estimates but also showed a significant decrease compared to the same period last year. This underperformance could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
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