Arrow Financial Q4 GAAP EPS Of $0.46 Lower Than $0.71 YoY, Total Cash And Cash Equivalents Were $142.5 Million At December 31
Portfolio Pulse from Benzinga Newsdesk
Arrow Financial reported a Q4 GAAP EPS of $0.46, a decrease from $0.71 YoY. Total cash and cash equivalents stood at $142.5 million as of December 31.
February 01, 2024 | 12:54 pm
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Arrow Financial's Q4 GAAP EPS decreased to $0.46 from $0.71 YoY, with total cash and cash equivalents at $142.5 million.
The decrease in GAAP EPS from $0.71 to $0.46 YoY indicates a significant reduction in profitability, which is likely to negatively impact investor sentiment and the stock price in the short term. However, the substantial cash and cash equivalents position may provide some cushion against negative market reactions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100