Tompkins Finl Q4 2023 GAAP EPS $1.05 Misses $1.25 Estimate
Portfolio Pulse from Benzinga Newsdesk
Tompkins Financial Corporation (AMEX:TMP) reported a Q4 2023 GAAP EPS of $1.05, which fell short of the analyst consensus estimate of $1.25 by 16 percent.
January 26, 2024 | 2:05 pm
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Tompkins Financial Corporation reported lower-than-expected earnings for Q4 2023, with a GAAP EPS of $1.05 compared to the estimated $1.25.
Earnings misses typically lead to negative investor sentiment in the short term as they may indicate weaker financial performance than expected. This can result in a decrease in stock price as market participants adjust their valuation of the company.
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