Riverview Bancorp Q3 2024 GAAP EPS $0.07 Misses $0.10 Estimate
Portfolio Pulse from Benzinga Newsdesk
Riverview Bancorp (NASDAQ:RVSB) reported Q3 2024 earnings of $0.07 per share, missing the consensus estimate of $0.10 by 30%.
January 25, 2024 | 9:25 pm
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NEGATIVE IMPACT
Riverview Bancorp reported lower-than-expected Q3 2024 earnings, missing estimates by 30%.
Earnings misses can negatively impact investor sentiment and stock price in the short term as they may indicate underlying issues with the company's performance. The 30% miss is significant and could lead to a decrease in stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100