Orange County Bancorp Q4 EPS $1.44 Beats $1.34 Estimate, Sales $25.89M Beat $24.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orange County Bancorp (NASDAQ:OBT) reported Q4 earnings of $1.44 per share, surpassing the $1.34 estimate, and sales of $25.89M, exceeding the $24.55M estimate. However, there was a 10.56% decrease in earnings and a slight 0.05% drop in sales compared to the same period last year.
January 31, 2024 | 10:26 pm
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Orange County Bancorp beat Q4 EPS and sales estimates but showed a year-over-year decline in both earnings and sales.
Beating both EPS and sales estimates is a positive signal to investors and could lead to a short-term increase in stock price. However, the year-over-year decline in earnings and sales may temper investor enthusiasm, suggesting a more moderate impact.
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