Washington Trust Bancorp Q3 EPS $0.65 Down From $1.08 YoY, Sales $33.75M Beat $33.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Washington Trust Bancorp (NASDAQ:WASH) reported Q3 earnings of $0.65 per share, a decrease of 39.81% YoY. The company's quarterly sales were $33.75 million, beating the analyst consensus estimate of $33.60 million by 0.45%, but representing a 19.72% decrease YoY.
October 23, 2023 | 8:13 pm
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Washington Trust Bancorp's Q3 earnings and sales decreased YoY, but sales beat estimates. This mixed result could lead to uncertain market reactions.
Washington Trust Bancorp's Q3 earnings decreased significantly YoY, which could negatively impact the stock. However, the company's sales beat estimates, which could offset some of the negative impact. The overall market reaction could be mixed due to these contrasting factors.
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