Recap: Trustco Bank Q4 Earnings
Portfolio Pulse from Benzinga Insights
Trustco Bank (NASDAQ:TRST) reported Q4 earnings with an EPS of $0.52, missing estimates by 21.21% against the expected $0.66. Revenue also declined by $10.88 million compared to the same period last year. In the previous quarter, TRST beat EPS estimates but experienced a 4.28% share price drop the following day.
January 22, 2024 | 9:10 pm
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Trustco Bank reported lower than expected Q4 earnings and a decrease in revenue, which may negatively impact investor sentiment and the stock price in the short term.
Historically, stocks tend to react negatively to earnings misses and revenue declines. Trustco Bank's Q4 report showing both these factors, coupled with a previous instance of a share price drop post-earnings beat, suggests a potential short-term negative impact on the stock price.
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