Kearny Financial Q2 Adj $0.11 Misses $0.12 Estimate, Sales $35.84M Miss $37.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kearny Financial (NASDAQ:KRNY) reported Q2 adjusted earnings of $0.11 per share, missing the consensus estimate of $0.12, representing an 8.33% miss and a 35.29% decrease from last year's earnings. Sales were $35.84M, falling short of the $37.03M estimate by 3.23% and marking a 19.97% decrease from the previous year.
January 25, 2024 | 1:35 pm
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Kearny Financial reported lower-than-expected Q2 earnings and sales, with significant decreases compared to the same period last year.
Missing both earnings and sales estimates, especially with a notable year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
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