Trustco Bank Q4 2023 GAAP EPS $0.52 Misses $0.66 Estimate, Sales $43.18 Miss $44.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trustco Bank (NASDAQ:TRST) reported Q4 2023 earnings of $0.52 per share, missing the consensus estimate of $0.66 by 21.21%. Quarterly sales were $43.18 million, falling short of the $44.90 million estimate and representing a 100% decrease from $53.96 million in the same period last year.
January 22, 2024 | 9:06 pm
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Trustco Bank's Q4 earnings and sales missed analyst estimates, with a significant year-over-year decline in sales.
The missed earnings and sales estimates, coupled with a substantial year-over-year decline in sales, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100