Magyar Bancorp Q1 EPS $0.26 Down From $0.28 YoY
Portfolio Pulse from Benzinga Newsdesk
Magyar Bancorp (NASDAQ:MGYR) reported a decrease in quarterly earnings, with Q1 EPS at $0.26, down from $0.28 per share year-over-year, representing a 7.14% decline.
January 25, 2024 | 9:29 pm
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Magyar Bancorp reported a 7.14% decrease in Q1 earnings per share year-over-year, which may concern investors about the company's growth prospects.
A decline in earnings per share often signals potential challenges in a company's profitability, which can negatively affect investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100