Luther Burbank Q3 EPS $0.04 Misses $0.12 Estimate, Sales $20.59M Miss $24.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luther Burbank (NASDAQ:LBC) reported Q3 earnings of $0.04 per share, missing the analyst consensus estimate of $0.12 by 66.67%. This is a 90.24% decrease from the same period last year. The company also reported quarterly sales of $20.59 million, missing the analyst consensus estimate of $24.69 million by 16.59%. This is a 54.98% decrease from the same period last year.
October 30, 2023 | 8:36 pm
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Luther Burbank's Q3 earnings and sales significantly missed estimates and decreased from the same period last year.
Luther Burbank's earnings and sales for Q3 significantly missed analyst estimates and decreased from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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