Live Oak Bancshares Q3 EPS $0.88 Beats $0.48 Estimate, Sales $127.30M Beat $112.88M Estimate
Portfolio Pulse from vinayak@benzinga.com
Live Oak Bancshares (NYSE:LOB) reported Q3 earnings of $0.88 per share, beating the analyst consensus estimate of $0.48 by 83.33%. However, this is an 8.33% decrease from the same period last year. The company also reported quarterly sales of $127.30 million, beating the analyst consensus estimate of $112.88 million by 12.78%, but this is a 10.10% decrease from the same period last year.
October 25, 2023 | 8:47 pm
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Live Oak Bancshares reported better than expected Q3 earnings and sales, but both figures are down from the same period last year.
While Live Oak Bancshares beat analyst estimates for Q3 earnings and sales, the fact that both figures are down year-over-year could have a neutral impact on the stock. Investors may be pleased with the beat but concerned about the YoY decrease.
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